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Clipboard 2. RCB Manufacturing Inc. is a manufacturer of after-market auto parts. It is the end of the fiscal year, and the company is in the process of making their yearend adjusting entries. The balances in the manufacturing overhead, ending inventories and cost of goods sold accounts are as following: RAW MATERIAL INV WIP INV FIN GDS INV COGS 750,00 RAW MATL 300,000 450,000 1,000,000 0 DIR. LABOR 450,000 675,000 1,500,000 1,125,000 MFG OH 750,000 2,500,000 MANUFACTURING OH 185,000

Clipboard 2. RCB Manufacturing Inc. is a manufacturer of after-market auto parts. It is the end of the fiscal year, and the company is in the process of making their yearend adjusting entries. The balances in the manufacturing overhead, ending inventories and cost of goods sold accounts are as following: RAW MATERIAL INV WIP INV FIN GDS INV COGS 750,00 RAW MATL 300,000 450,000 1,000,000 0 DIR. LABOR 450,000 675,000 1,500,000 1,125,000 MFG OH 750,000 2,500,000 MANUFACTURING OH 185,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Clipboard 2. RCB Manufacturing Inc. is a manufacturer of after-market auto parts. It is the end of the fiscal year, and the company is in the process of making their yearend adjusting entries. The balances in the manufacturing overhead, ending inventories and cost of goods sold accounts are as following: RAW MATERIAL INV WIP INV FIN GDS INV COGS 750,00 RAW MATL 300,000 450,000 1,000,000 0 DIR. LABOR 450,000 675,000 1,500,000 1,125,000 MFG OH 750,000 2,500,000 MANUFACTURING OH 185,000
Transcribed Image Text:Clipboard 2. RCB Manufacturing Inc. is a manufacturer of after-market auto parts. It is the end of the fiscal year, and the company is in the process of making their yearend adjusting entries. The balances in the manufacturing overhead, ending inventories and cost of goods sold accounts are as following: RAW MATERIAL INV WIP INV FIN GDS INV COGS 750,00 RAW MATL 300,000 450,000 1,000,000 0 DIR. LABOR 450,000 675,000 1,500,000 1,125,000 MFG OH 750,000 2,500,000 MANUFACTURING OH 185,000
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