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University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial statements on a yearly basis. a. Cost of
University Company produces collegiate apparel. From its accounting records, it prepares the following schedule and financial statements on a yearly basis. a. Cost of goods manufactured schedule. b. Income statement. C. Balance sheet. The following items are found in the company's accounting records and accompanying data. For each item, indicate the schedule and/or financial statement(s) in which the item will appear. 1. Direct labor. 2. Raw materials inventory, January 1. > >
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