Question

Following is the statement of cost of goods manufactured for Vermont Manufacturing Company.


Required
1. Journalize, using page 116 of the general journal, the adjusting entries for Raw Materials Inventory and Work-in-Process Inventory.
2. Journalize the closing entries for manufacturing costs.
3. Post the entries to the Manufacturing Summary account, No. 511.
4. Journalize and post the entry to close the Manufacturing Summaryaccount.


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  • CreatedOctober 21, 2014
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