Question
Uli Company produces custom windows to specifications provided by architects. At the end of its accounting period, its account balances indicated the following: Raw Materials
Uli Company produces custom windows to specifications provided by architects. At the end of its accounting period, its account balances indicated the following:
Raw Materials Inventory$88,000
Work in Process Inventory84,000
Finished Goods Inventory63,000
Cost of Goods Sold553,000
Manufacturing Overhead (credit balance)44,000
Determine the adjusted balances of the accounts if the balance in Manufacturing Overhead is considered material in amount.
Raw Material Inventory = ?
Work in Processionals Inventory = ?
Finished Goods Inventory = ?
Cost of Goods Sold = ?
Can you please show your work?
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