Consider the following T-accounts: Requirement 1. Use the T-accounts to determine direct materials used and indirect materialsused.
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Requirement
1. Use the T-accounts to determine direct materials used and indirect materialsused.
Transcribed Image Text:
Materials inventory Bal 50 Purchases 205 Used Bal 35 Work in process inventory Bal Direct materials Direct labor 15 Cost of goods 550 manufactured 285 Manufacturing overhead 135 Bal 45
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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