Please show each step so I can learn from it Cost of...
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Please show each step so I can learn from it
Cost of Goods Sold Journal Entries. The balance in Blue Oak Company's finished goods inventory account was $25,000 at the beginning of September. Cost of goods manufactured for the month totaled $17,000, and cost of goods sold totaled $14,000. Required: 1. Prepare separate journal entries to record the following items. (Hint: Use examples above as a guide.) 1. Cost of goods manufactured for the month 2. Cost of goods sold for the month 2. Prepare a T-account for finished goods inventory and include the beginning balance for September. Post the appropriate items from the journal entries in part a to this account, and calculate the ending balance in finished goods inventory
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