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Log Cabin Homes, Inc., uses a job cost system to account for its jobs, which are prefabricated houses. As of January 1, it’s records showed inventories as follows:
Materials and supplies $100,000
Work in process (Job No’s. 22 and 23) 180,000
Finished goods (Job No. 21) 140,000
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Log Cabin Homes, Inc., uses a job cost system to account for its jobs, which are prefabricated house...
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