Mia Co. uses the cost system. The next data resumes the related operations to August production:...
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Mia Co. uses the cost system. The next data resumes the related operations to August production: a.Materials bought on account, $660,000. b.Requisitioned materials, $577,500 dollars, from which $73,500 dollars went to general fabrication c. Labor utilized $681,500, of which $ 95,500 were indirect. d. Other costs related to general labor, $154,320 dollars; sales expenses, $244.440 dollars y administrative expenses, $152,250 dollars. e.Prepaid expenses expired for general labor were $30,450, for sales expenses, $25,830; and for administrative expenses, $18,690 dólares. f.Office building depreciation was $88,200 dollars; office equipment, 45,150 dollars; and factory equipment, $30,450 dollars. g.Cost of factory labor applied to the job, $ 375,500. h.Finished work, $871,800 i.Cost of goods sold, $860,000. Instructions: Register on a daily basis resumed operations. Mia Co. uses the cost system. The next data resumes the related operations to August production: a.Materials bought on account, $660,000. b.Requisitioned materials, $577,500 dollars, from which $73,500 dollars went to general fabrication c. Labor utilized $681,500, of which $ 95,500 were indirect. d. Other costs related to general labor, $154,320 dollars; sales expenses, $244.440 dollars y administrative expenses, $152,250 dollars. e.Prepaid expenses expired for general labor were $30,450, for sales expenses, $25,830; and for administrative expenses, $18,690 dólares. f.Office building depreciation was $88,200 dollars; office equipment, 45,150 dollars; and factory equipment, $30,450 dollars. g.Cost of factory labor applied to the job, $ 375,500. h.Finished work, $871,800 i.Cost of goods sold, $860,000. Instructions: Register on a daily basis resumed operations.
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To record the transactions for the month we use the following accounting entries 1 When materials ar... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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