(Appendix) Allisons Bird Baths employs a job order costing system based on standard costs. For one of...
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(Appendix) Allison’s Bird Baths employs a job order costing system based on standard costs. For one of its products, a small teak-rimmed concrete bird bath (Product No. 17), the standard costs per unit are as follows:
a. Record the journal entry for the transfer of direct material into production for 500 units of Product No. 17.
b. Compute the total cost assigned to the 500 units of Product No. 17, and record the journal entry to recognize the completion of the 500 units.
c. Record the journal entries associated with the sale of the 500 units of Product No. 17 for $31,800.LO1
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Cost Accounting Traditions And Innovations
ISBN: 9780538880473
3rd Edition
Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney
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