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The following account appears in the ledger after only part of the postings have been completed for March Work in Progress Ba

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Answer #1
General Journal Debit Credit
Work in process inventory $417,000
Raw material inventory $417,000
Work in process inventory $210,000
Wages payable $210,000
Work in process inventory $84,000
Factory overhead (210,000*40%) $84,000
Factory overhead $79,500
Cash $79,500
Finished goods inventory $692,000
Work in process inventory $692,000
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