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bernie2981 bernie2981
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8 years ago
Anderson Enterprises uses a job costing system. Record the following transactions in Anderson Enterprises' general journal for the current month:

a)    Purchased raw materials on account, $82,000.
b)    Requisitioned $41,300 of direct materials and $9,000 of indirect materials for use in production.
c)    Factory payroll incurred, $110,000; 75% direct labor, 25% indirect labor.
d)    Recorded depreciation expense factory equipment $15,000, and other manufacturing overhead of $56,200 (credit accounts payable).
e)    Allocated manufacturing overhead costs based on 125% of direct labor cost.
f)    Cost of completed production for the current month, $133,000.
g)    Cost of finished goods sold, $112,000; selling price, $162,000 (all sales on account).
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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#3
4 years ago
Thank you so much!
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#4
4 years ago
Thank You!
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#5
4 years ago
Thank you
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#6
3 years ago
Thank you for your kind efforts!
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