1. Jaminson Industries purchased $60,000 of raw materials on account. Supporting records show that the Assembly Department...
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1. Jaminson Industries purchased $60,000 of raw materials on account. Supporting records show that the Assembly Department used $23,000 of the raw materials and the Finishing Department used the remainder. Prepare the journal entries relating to raw materials.
2. Pizza Luce Company manufactures pizza dough through two production departments, mixing and packaging. For the month of March, the work in process accounts show the following debits. Journalize the March transactions. Mixing Packaging Beginning Work in Process 0 4,000 Materials 25,000 8,000 Labor 8,500 7,500 Overhead 29,000 25,800 Costs transferred in 55,000
Related Book For
Corporate Finance
ISBN: 9781259270116
8th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
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