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Deprecated Deprecated
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Posts: 2784
7 years ago
Powderhouse, Inc. has two processesColoring Department and Mixing Department. The company sold 2,000 gallons of paint for $220,000, of which $150,000 was sold on account. The total cost of processing was $385,000 for 5,500 gallons of paint. What are the journal entries to record a sale if the company follows a process costing system?
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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7 years ago
Thanks!
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7 years ago
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