Question: Please keep track of your work. You may require previous information and will not be able to go back during this midterm exam. Additional information:

Please keep track of your work. You may require previous information and will not be able to go back during this midterm exam. Additional information: Work in Process beginning balance - $10,500 Finished Goods beginning balance - $5,600 Prepare the following journal entry (round to the nearest whole dollar): An amount of $59,000 was transferred out of Raw Materials. Direct mat and indirect materials were 15%

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