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hliz3 hliz3
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A year ago

The Simkins Corporation uses a job-order costing system. The following activities took place during the month of May:

a. Raw materials purchased$ 40,000
b. Raw materials (all direct) used in production$ 35,000
c. Salaries and wages costs:
Direct labor cost$ 60,000
Indirect labor cost$ 30,000
Sales salaries$ 25,000
d. Factory utility costs$ 15,000
e. Depreciation on factory equipment$ 50,000
f. Advertising expense$ 80,000
g. Manufacturing overhead is applied at the predetermined rate of 150% of direct labor cost.
h. Cost of Goods Manufactured for the month$180,000
i. Cost of Goods Sold for the month$150,000


Required:
Prepare journal entries to record the information given above. Key your entries by the letters a through i.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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lampardlampard
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hliz3 Author
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A year ago
This helped my grade so much Perfect
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Thanks
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Brilliant ツ
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