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11. with solutions pleaae > Question 11 1 pts MARNIC Manufacturing uses a job order costing system. During one month MARNIC purchased $198,000 of raw
11. with solutions pleaae
> Question 11 1 pts MARNIC Manufacturing uses a job order costing system. During one month MARNIC purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. MARNIC incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. MARNIC uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is O Debit Raw Materials Inventory $195,000; credit Accounts Payable $195,000 O Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000 O Debit Work in Process Inventory $165,000; debit Factory Overhead $30,000; credit Raw Materials Inventory $195,000 Debit Raw Materials Inventory $195,000; credit Work in Process Inventory $195,000 Step by Step Solution
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