Test 2 acct 2302 Study guides, Class notes & Summaries
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ACCT 2302 Managerial Accounting: Test #2
- Exam (elaborations) • 4 pages • 2023
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McGraw Hill ACCT 2302 - Garrison, Managerial Accounting, 17e Garrison, Managerial Accounting, 17e 
 
Larned Corporation recorded the following transactions for the just completed month. 
 
$77,000 in raw materials were purchased on account. 
$75,000 in raw materials were used in production. Of this amount, $67,000 was for direct materials and the remainder was for indirect materials. 
 
Clonex Labs, Incorporated, uses the weighted-average method in its process costing system. The following data ...
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