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Review the materials requisitioned (below) for the new product you have been commissioned to make for the Catt family. Action Items: Record the journal entry for the materials issued; Update Job Cost Sheet (round to the nearest cent) Description Silicon dioxide Alumina Magnesia Boron oxide Lead oxide Soda Lime Cobalt Silver Copper Manganese Chorium Units Requisitioned 35 1 2 0.5 0.75 0.1 0.15 0 0.31 0.1 0.05 0.03 $ $ $ $ $ $ $ $ $ $ $ $ Unit Cost 8.00 $ 10.00 $ 12.00 $ 19.00 $ 25.00 $ 20.00 $ 21.00 $ 22.00 $ 35.00 $ 28.00 $ 18.00 $ 25.00 $ $ Total 280.00 10.00 24.00 9.50 18.75 2.00 3.15 10.85 2.80 0.90 0.75 362.70 Review the materials requisitioned (below) for the new product you have been commissioned to make for the Catt family. Action Items: Record the journal entry for the materials issued; Update Job Cost Sheet (round to the nearest cent) Description Silicon dioxide Alumina Magnesia Boron oxide Lead oxide Soda Lime Cobalt Silver Copper Manganese Chorium Units Requisitioned 35 1 2 0.5 0.75 0.1 0.15 0 0.31 0.1 0.05 0.03 $ $ $ $ $ $ $ $ $ $ $ $ Unit Cost 8.00 $ 10.00 $ 12.00 $ 19.00 $ 25.00 $ 20.00 $ 21.00 $ 22.00 $ 35.00 $ 28.00 $ 18.00 $ 25.00 $ $ Total 280.00 10.00 24.00 9.50 18.75 2.00 3.15 10.85 2.80 0.90 0.75 362.70
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SOLUTION Journal Entry for Materials Issued Debit Work in Progress Inventory 36270 Credit Raw Materi... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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