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Work in Process beginning balance $10,500 Finished Goods beginning balance $5,600 Prepare the following journal entry (round to the nearest whole dollar): Salaries total $120,000,

Work in Process beginning balance $10,500 Finished Goods beginning balance

$5,600 Prepare the following journal entry (round to the nearest whole dollar):

Salaries total $120,000, of this amount Direct Labor was 65%, Indirect Labor was 20%, and the remaining amount was Selling & Administrative salaries.

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