The following transactions occurred during February 2019 for Thompson Manufacturing Company: Feb. 10 Acquired ($10,000) of materials

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The following transactions occurred during February 2019 for Thompson Manufacturing Company:

Feb. 10 Acquired \($10,000\) of materials on account that will be used to produce product for resale.
11 Requisitioned \($8,000\) of materials for use as direct materials in the factory.
16 Completed the manufacturing of products with a total product cost of \($48,000\) and transferred them to the warehouse.

Record these transactions in general journal form. Assume that Thompson Manufacturing Company uses the perpetual inventory system.

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Managerial Accounting For Undergraduates

ISBN: 9780357499948

2nd Edition

Authors: James Wallace, Scott Hobson, Theodore Christensen

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