Question
6.Purchased materials on account, $10,000 . 7.Used $6,000 in direct materials and $500 in indirect materials in production. 8.Incurred $8,000 in labor costs, of which
6.Purchased materials on account, $10,000.
7.Used $6,000 in direct materials and $500 in indirect materials in production.
8.Incurred $8,000 in labor costs, of which 80% was direct labor.
Date
Accounts Debit Credit
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
