Pukalani Manufacturing uses a job-order costing system. The account balances at the end of the period...
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Pukalani Manufacturing uses a job-order costing system. The account balances at the end of the period for the product cost-related accounts are as follows: Raw Materials Inventory $270,000 Work in Process Inventory 460,000 Finished Goods Inventory 805,000 Cost of Goods Sold 1,035,000 Manufacturing Overhead (credit) 103,500 Prepare a journal entry to close the manufacturing overhead account assuming that the amount ($103,500) is material. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Pukalani Manufacturing uses a job-order costing system. The account balances at the end of the period for the product cost-related accounts are as follows: Raw Materials Inventory $270,000 Work in Process Inventory 460,000 Finished Goods Inventory 805,000 Cost of Goods Sold 1,035,000 Manufacturing Overhead (credit) 103,500 Prepare a journal entry to close the manufacturing overhead account assuming that the amount ($103,500) is material. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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Journal Entry Date Particulars Debit Credit Manufacturin... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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