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For each of the four accounts listed below, prepare an ex of a journal entry that would cause the account to be (1) decited and (2) credited using a prcess costing system, Assume perpetual inventory records are maintained, Include written explanations with your journal entries and use "XXX" in place of dollar amounts.

a. Materials Inventory

b. Direct Labor

c. Manufacturing Overhead

d. Finished Goods Inventory

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  • Category:- Accounting Basics
  • Reference No.:- M948586

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