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Cai Corporation uses a job-order costing system and has provided the following partially completed ...

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Cai Corporation uses a job-order costing system and has provided the following partially completed ...

Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.

Raw Materials
Debit		Credit
Balance 1/1	17,000	Credits	?
Debits	97,000
Balance 12/31	30,000

Work In Process
Debit		Credit
Balance 1/1	19,000	Credits	506,000
Direct materials	74,000
Direct labor	13,000
Overhead applied	257,000
Balance 12/31	?

The cost of indirect materials requisitioned for use in production during the year was:

▸ $74,000

▸ $10,000

▸ $40,000

▸ $13,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 36 times

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