Hilburn Manufacturing Corporation had the following transactions for its job order costing operation. Prepare general journal entries
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Hilburn Manufacturing Corporation had the following transactions for its job order costing operation. Prepare general journal entries to record these transactions.
Jan. 1 Purchased materials on account, $17,000.
15 Issued direct materials to Job No. 104, $11,000.
20 Issued indirect materials (factory overhead), $5,000.
31 Incurred direct labor, Job No. 104, $9,000.
31 Incurred indirect labor (factory overhead), $2,500.
31 Incurred other indirect costs (factory overhead; credit Accounts Payable), $2,000.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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