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The Goods in Process Inventory account for the AB Corp. follows: The Goods in Process Inventory account for the AB Corp. follows: Finished Goods Inventory
The Goods in Process Inventory account for the AB Corp. follows:
The Goods in Process Inventory account for the AB Corp. follows: Finished Goods Inventory Beg. Bal. 118,200 324,800 301,000 Goods in process Inventory Beg. Bal. 100,800 D.M. ? D.L ? O.H. ? F.G. ? End. Bal. 131,040 End. Bal. 142,000 Factory Overhead 93,240 90,720 The cost of units transferred to finished goods is: $92,500 O $97.000 O $88,100 O $95,200 O $105,900 The Goods in Process Inventory account for the AB Corp. follows: Finished Goods Inventory Beg. Bal. 118,200 324,800 301,000 Goods in process Inventory Beg. Bal. 100,800 D.M. ? D.L ? O.H. ? F.G. ? End. Bal. 131,040 End. Bal. 142,000 Factory Overhead 93,240 90,720 The cost of units transferred to finished goods is: $92,500 O $97.000 O $88,100 O $95,200 O $105,900 Step by Step Solution
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