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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Related Book For
Managerial Accounting For Undergraduates
ISBN: 9780357499948
2nd Edition
Authors: James Wallace, Scott Hobson, Theodore Christensen
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