Telstar uses job order costing. The T-accounts below summarize its production activity for the year....
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Accounting
Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,700 24,950 8,700 Factory Wages Payable Debit Credit 126,700 86,450 40,950 Factory Overhead Debit Credit 8,700 103,384 40,950 62,070 Work in Process Inventory Debit Credit 24,950 171,020 86,450 103,384 Finished Goods Inventory Debit Credit 171,020 15,39,90
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