During the first year of operations, Shapiro Tool accumulated the following manufacturing costs: Raw materials purchased...

 

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During the first year of operations, Shapiro Tool accumulated the following manufacturing costs: Raw materials purchased on account$12,000 Factory labor incurred6,000 Manufacturing overhead incurred on account 4,000 Instructions Prepare separate journal entries for each manufacturing cost. During the first year of operations, Shapiro Tool accumulated the following manufacturing costs: Raw materials purchased on account$12,000 Factory labor incurred6,000 Manufacturing overhead incurred on account 4,000 Instructions Prepare separate journal entries for each manufacturing cost.