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Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Debit Balance 1/1 Debits Balance
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Debit Balance 1/1 Debits Balance 12/31 Debit Balance 1/1 Direct materials Direct labor Overhead applied Balance 12/31 Raw Materials 17,000 Credits 97,000 30,000 Work In Process 19,000 Credits 74,000 13,000 257,000 Credit Credit ? 506,000 The cost of indirect materials requisitioned for use in production during the year was:
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