Journal Entries for the Cost Accounting Cycle. Jaedicke-Shenkir Company incurred $40,000 direct labor cost in 19A and

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Journal Entries for the Cost Accounting Cycle. Jaedicke-Shenkir Company incurred $40,000 direct labor cost in 19A and had the following selected account balances at the beginning and end of 19A: LO8 January 1 December 31 FinishedGoods.

$28,000

$ 45,000 Work in Process.

12,000 14,000 Materials.

17,000 24,000 Cost of GoodsSold.

140,000 Factory Overhead Control.

35,000 Required: Reconstruct the journal entries that recorded this information in 19A.

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Cost Accounting

ISBN: 9780538828079

11th Edition

Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry

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