Prepare a worksheet and closing entries for a manufacturing company.

Prepare a worksheet and closing entries for a manufacturing company.

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  Prepare a worksheet and closing entries for a manufacturing company.  The worksheet for the cost of goods manufactured needs two additional  columns.  In these columns, manufacturing companies enter the beginning inventories  of raw materials and work in process as debits, and the ending inventories 
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Unformatted text preview: as credits. All manufacturing costs are entered as debits. To close all of the accounts that appear in the cost of goods manufactured schedule, manufacturers use a Manufacturing Summary account....
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This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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