Question: b . c . d . e . f . g . h . 1 Compute the July 3 1 balances of the inventory accounts.
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Compute the July balances of the inventory accounts.
Materials
Work in ProcessMaking Department
Work in ProcessPacking Department
Finished Goods
Compute the July balances of the factory overhead accounts. If required, use the minus sign to indicate a credit balance.
Factory OverheadMaking Department &
Factory OverheadPacking Department :Preston & Grover Soap Company manufactures powdered detergent. Phosphate is placed in process in the Making Department, where it is turned into granulars. The output of Making is transferred to the Packing Department, where packaging is added at the beginning of the process. On July Preston & Grover Soap Company had the following inventories:Entries for Process Costing
inventories:
Departmental accounts are maintained for factory overhead, which both have zero balances on July
Manufacturing operations for July are summarized as follows:
Required:
Journalize the entries to record the operations, identifying each entry by letter. If an amount box does not require an entry, leave it blank.
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