Title: Here is selected data for Lori Corporation:Cost of raw material purchased$77,000Cost of requisitione Post by: bernie2981 on Nov 16, 2015 Here is selected data for Lori Corporation:
Cost of raw material purchased $77,000 Cost of requisitioned direct materials 43,000 Cost of requisitioned indirect materials 3,000 Direct labor 80,000 Manufacturing overhead incurred 100,000 Cost of goods completed 233,500 Cost of goods sold 142,000 Beginning raw materials inventory 17,000 Beginning work in process inventory 32,000 Beginning finished goods inventory 35,000 Manufacturing overhead allocation rate (based on direct labor) 130% The journal entry to close manufacturing overhead would include a A) credit to Manufacturing Overhead account for $4,000. B) credit to Work-in-Process Inventory account for $4,000. C) credit to Cost of Goods Sold account for $4,000. D) debit to Work-in-Process Inventory account for $4,000. Title: Re: Here is selected data for Lori Corporation:Cost of raw material purchased$77,000Cost of requisit Post by: nuclei on Nov 16, 2015 C
Title: Re: Here is selected data for Lori Corporation:Cost of raw material purchased$77,000Cost of requisitione Post by: bernie2981 on Dec 1, 2015 Wow! Thank you
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