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15/g Kennedy Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials inventory has a March 31 balance
15/g
Kennedy Company shows the following costs for three jobs worked on in April. Additional Information a. Raw Materials inventory has a March 31 balance of $83,000. b. Raw materials purchases in April are $501,200, and total factory payroll cost in April is $369.600. c. Actual overhead costs incurred in April are indirect materials, $50,600; indirect labor, $23,600; factory rent, $32,600; factory utilities, \$19,600; and factory equipment depreciation, \$52,200. d. Predetermined overhead rate is 50% of direct labor cost. e. Job 306 is sold for $600,000 cash in April. Complete this question by entering your answers in the tabs below. Preparesournal entries for the month of April's transactions Step by Step Solution
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