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TB MC Qu. 3-164 (Algo) The following partially completed T-accounts... The following partially completed...

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Accounting

TB MC Qu. 3-164 (Algo) The following partially completed T-accounts...

The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:

Raw Materials
Debit Credit
Beginning Balance 4,650 8,300
4,850
Work in Process
Debit Credit
Beginning Balance 3,750 21,850
5,850
8,150
7,950
Finished Goods
Debit Credit
Beginning Balance 1,850 20,050
21,850
Manufacturing Overhead
Debit Credit
2,450 7,950
3,150
2,850
Wages & Salaries Payable
Debit Credit
20,050 Beginning Balance 2,150
11,300
Cost of Goods Sold
Debit Credit
20,050

The direct materials cost was:

Multiple Choice

$5,850

$4,850

$3,750

$8,300

Answer & Explanation Solved by verified expert
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