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5. Based on the following information, prepare a Schedule of Cost of Goods Manufactured to...

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Accounting

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5. Based on the following information, prepare a Schedule of Cost of Goods Manufactured to Junaluska Company for the year ended December 31, 2020 Beginning Work-in-Process Inventory. Jan. 1 $60.000 Ending Work-in-Process Inventory, Dec. 31 40,000 Beginning Finished Goods Inventory. Jan. 1 50,000 Ending Finished Goods Inventory, Dec. 31 20,000 Net Sales Revenue 1,800,000 Selling and Administrative Expenses 500,000 Direct Labor Manufacturing Overhead; actual and allocated 400,000 Direct Materials Used 200.000 Income Tax Expense 70,000 300,000

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Accounting