1 . Preparer journal entries to record the transactions for the year. 2 . prepare T accounts...
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. Preparer journal entries to record the transactions for the year.
prepare T accounts for each inventory account, manufacturing overhead, cost of good sold. post relevant data from your journal entry to these T accounts dont forget to enter the beginning bounces in your inventory accounts
A is manufacturing overhead under applied or overapplied?
B prepare a journal entry to close manufacturing overhead to cost of good sold.
prepare an income statement. all the information needed for the income statement is available in the journal entries and T accounts you Have prepared.
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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