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State the balances of the wip and fg accounts

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Question 1: Assume a debit balance of $20,000 (under-applied FOH). The ending balances before adjustment are as follow. Please restate the balances of the WIP, FG, and COGS accounts and make JE to close them

                                    Percentage of Total

WIP       $10,000              10%

FG         $30,000                30%

COGS        $60,000             60%

Total         $100,000          100%

Reference no: EM132540102

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