Outdoor Living produces outdoor teak furniture in a three-stage process that includes Milling, Assembling, and Finishing, in
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The company's general ledger includes the following accounts:
Cost of Goods Sold....................................Materials Inventory
Wages Payable..................................Finished Goods Inventory
Work in Process Inventory-Milling.........Manufacturing Overhead
Work in Process Inventory-Assembling
Work in Process Inventory-Finishing
Outline the flow of costs through the company's accounts, including a brief description of each flow. Include a T-account for each account title given.
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