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The following partially completed T-accounts summarize transactions for Faaberg Corporation during ...

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The following partially completed T-accounts summarize transactions for Faaberg Corporation during ...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Debit		Credit
Beginning Balance	4,950		8,900
	5,150

Work in Process
Debit		Credit
Beginning Balance	4,050		22,150
	6,150
	8,450
	8,250

Finished Goods
Debit		Credit
Beginning Balance	2,150		20,350
	22,150

Manufacturing Overhead
Debit		Credit
	2,750		8,250
	3,450
	3,150

Wages & Salaries Payable
Debit		Credit
	20,350	Beginning Balance	2,450
			11,900

Cost of Goods Sold
Debit		Credit
	20,350

The manufacturing overhead applied was:

▸ $3,150

▸ $3,450

▸ $8,250

▸ $14,600

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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