Business, 25.02.2021 09:40 tangia

Assume the ending raw materials inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. 5–9 Prepare the journal entry to transfer costs from Work in Process to Finished Goods. 5–10 Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. 4 of 5 02/25/21 5–11 Prepare a schedule of cost of goods sold. (Stop after computing the unadjusted cost of goods sold.) 5–12 Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. 5–13 What is the amount of underapplied or overapplied overhead? 5–14 Prepare the journal entry to close the amount of underapplied or overapplied overhead to the appropriate account.

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