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ogf78 ogf78
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2 months ago

The following partially completed T-accounts are for Stanford Corporation:

Raw Materials
DebitCredit
Balance7,000(2)24,000
(1)19,000
Work In Process
DebitCredit
Balance11,000(7)?
(2)15,000
(4)18,000
(6)31,000
Finished Goods
DebitCredit
Balance18,000
(7)62,000
15,000
Manufacturing Overhead
DebitCredit
(2)9,000(6)31,000
(3)16,000
(4)8,000
(5)5,000
Accumulated Depreciation--Factory
DebitCredit
Balance82,000
(3)16,000
Sales Salaries Expense
DebitCredit
(4)11,000
Accounts Payable
DebitCredit
Balance
(1)19,000
(5)5,000
Salaries and Wages Payable
DebitCredit
Balance7,000
(4)37,000

The ending Work in Process account balance would be:



▸ $13,000

▸ $75,000

▸ $20,000

▸ $64,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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raihala49raihala49
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