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Homework answers / question archive / J & J Products ordered $125,000 of raw material, FOB destination, from Acme Company on Dec

J & J Products ordered $125,000 of raw material, FOB destination, from Acme Company on Dec

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J & J Products ordered $125,000 of raw material, FOB destination, from Acme Company on Dec. 31st of 2015. The merchandise was shipped on January 2nd. J & J Products did not include it in their 2015 raw materials inventory. Prepare any necessary entries.

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