Figure 4 summarizes the flow of costs in a job order cost system and Figure 5 summarizes the journal

Figure 4 summarizes the flow of costs in a job order cost system and Figure 5 summarizes the journal

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Figure 4  summarizes the flow  of costs in a job order cost system and Figure  5  summarizes the  journal entries required given the flow of costs in Figure  4  . The ending balances in the three 
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Unformatted text preview: inventory accounts would be reported as inventories on the balance sheet and cost of goods sold would be reported on the income statement....
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