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Solt Corporation uses a job-order costing system and has provided the following partially completed ...

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Solt Corporation uses a job-order costing system and has provided the following partially completed ...

Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.

Finished Goods
Debit		Credit
Balance 1/1	38,000	Credits	?
Debits	?
Balance 12/31	50,000

The Cost of Goods Manufactured for the year was $415,000. The unadjusted Cost of Goods Sold for the year was:

▸ $503,000

▸ $415,000

▸ $403,000

▸ $453,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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