Product Cost Flows Complete the following T-accounts: Materials Inventory Wages Payable Finished Goods Inventory Manufactured Overhead Work in Process Inventory Cost of Goods Sold 640 9.000 2.000 lo 600 18.120 1.200 250

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 19MC: In a process cost system, factory depreciation expense incurred is debited to _____________________....
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Product Cost Flows. Complete the following T-accounts. 

Product Cost Flows
Complete the following T-accounts:
Materials Inventory
Wages Payable
Finished Goods Inventory
Manufactured Overhead
640
Work in Process Inventory
Cost of Goods Sold
9,000
2,000
100
2,000
0.
600
18,120
1,200
18,000
9,000
250
4,500
0.
500
O Previous
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Transcribed Image Text:Product Cost Flows Complete the following T-accounts: Materials Inventory Wages Payable Finished Goods Inventory Manufactured Overhead 640 Work in Process Inventory Cost of Goods Sold 9,000 2,000 100 2,000 0. 600 18,120 1,200 18,000 9,000 250 4,500 0. 500 O Previous Save Answers
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