The following t accounts are for stanford companywhat is, Ask an Expert

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The following T accounts are for Stanford Company:

Raw Materials Cost of Goods Sold
Beg. Bal. 7,000 24,000(2)

Sales Salaries Expense
(4) 11,000

Work in Process
Beg. Bal. ? (7)
11,000
(2) 15,000
(4) 18,000
(6) 31,000

Accounts Payable
19,000 (1)
5,000 (5)

Manufacturing Overhead
(2) 9,000 31,000 (6)
(3) 16,000
(4) 8,000
(5) 5,000

Wages & Salaries Payable
7,000 Beg. Bal.
37,000 (4)

Finished Goods
Beg. Bal. 18,000
(7) 62,000
End. Bal. 15,000

Accumulated Depreciation-Factory
82,000 Beg. Bal.
16,000 (3)
what is the indirect labor cost ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M966602

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