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Turner Company has the following information for the year ended December 31, 2016. (Click the icon to view the information.) Use the information to prepare
Turner Company has the following information for the year ended December 31, 2016. (Click the icon to view the information.) Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions. Data table Inventories: Raw Materials Work-in-Process Finished Goods Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Materials Purchases Print Beginning Ending LA $ Done 4 $ 8 11 $ 5 12 14 253 85 24 24 48 - X
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