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Classification of Costs
Hoover, Inc., uses a job-order coding system. The company's inventory balances on February 1, the start of its fiscal year, were as follows:
Raw Materials Inventory
$69,325
Work in Process Inventory
$55,100
Finished Goods Inventory
$81,256
During the year, the following transactions were completed:
Instructions
Demonstrate the following:
Provide your answers in a clearly organized Excel spreadsheet.
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