Question: Required: Record all transactions in appropriate T-accounts (costs by function), close all accounts and calculate net profit or loss. a) The company used raw materials
Required: Record all transactions in appropriate T-accounts (costs by function), close all accounts and calculate net profit or loss. a) The company used raw materials worth 4 000 in production. b) The company calculated wages of production workers, value 4 000. c) The company produced 100 units of finished goods at 80/unit d) The company sold and delivered 20 units of finished goods to a customer
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