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20-02-2024
Business

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Create T-accounts for RM Inventory, WIP Inventory, FG Inventory, and COGS. Enter the above costs as debits and/or credits in the appropriate T-accounts in order to determine the ending balance in each. Label the following costs within the T-accounts to better visualize them: (1) total manufacturing costs, (2) COGM, and (3) COGS.

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