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Title: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: H3Ko on Sep 6, 2016 Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct materials and $3,420 of direct labor. Altima uses a predetermined overhead allocation rate based on a percentage of direct labor costs, which has been fixed at 40%. The entry to record the completion of the job should involve a ________.
A) debit to Finished Goods Inventory $5,158 and a credit to Materials Inventory $5,158 B) debit to Work-in-Process Inventory $5,158 and a credit to Finished Goods Inventory $5,158 C) debit to Finished Goods Inventory $5,158 and a credit to Work-in-Process Inventory $5,158 D) debit to Cost of Goods Sold $5,158 and a credit to Finished Goods Inventory $5,158 Title: Re: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: Mrgo-breed on Sep 6, 2016 Content hidden
Title: Re: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: H3Ko on Oct 12, 2016 I just realized you had posted this! Thanks so much
Title: Re: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: Mrgo-breed on Oct 16, 2016 Happy to help :D
Title: Re: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: bnp009 on Feb 13, 2020 Thankyou!
Title: Re: Altima, Inc. finished Job A40 on the last working day of the year. It utilized $370 of direct ... Post by: Elizabeth Lopez on Jun 6, 2020 thanks
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