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majestico majestico
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6 years ago
From the following transactions, prepare the appropriate general journal entries for the month of April.

a. Raw materials costing $60,000 were issued from the storeroom.
b. Direct labor of $53,000 was charged to production.
c. Indirect labor costs of $17,000 were incurred.
d. Overhead was applied at the rate of 40% of direct labor dollars.
e. Completed products costing $42,000 were transferred to finished goods.
f. Products costing $32,000 were sold for $50,000 on account.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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6 years ago
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More solutions for this book are available here
a.   Work-in-Process Inventory   60,000
      Raw Material Inventory      60,000
b.   Work-in-Process Inventory   53,000
      Payroll Payable      53,000
c.   Manufacturing Overhead-Control   17,000
      Payroll Payable      17,000
d.   Work-in-Process Inventory   21,200
      Manufacturing Overhead-Applied      21,200
e.   Finished Goods Inventory   42,000
      Work-in-Process Inventory      42,000
f.   Cost of Goods Sold   32,000
      Finished Goods Inventory      32,000
   Accounts Receivable   50,000
      Sales      50,000
This verified answer contains over 170 words.
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majestico Author
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6 years ago
Thank you, thank you, thank you!
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Just got PERFECT on my quiz
deathwing
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Correct Slight Smile TY
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