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Complete the missing amounts and labels in the T-accounts. (Click the icon to view the...

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Accounting

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Complete the missing amounts and labels in the T-accounts. (Click the icon to view the T-accounts.) Begin with the Work-in-Process-Cutting T-account, then complete each of the remaining T-accounts. (Abbreviations used: COGS Finished Goods, WIP = Work-in-Process) Cost of Goods Sold, FG Work-in-Process Inventory-Cutting Balance, May1 Direct Materials Direct Labor Manufacturing Overhead Balance, May 31 Transfer out to 54,000 10,000 31,000 15,000 COGS FG Inventory WIP- Cutting WIP-Finishing WIP-Packaging

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