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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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