Question
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Raw Materials Debit Credit Balance
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year.
| Raw Materials | |||
| Debit | Credit | ||
| Balance 1/1 | 34,000 | Credits | ? |
| Debits | 97,000 |
|
|
| Balance 12/31 | 20,000 |
| |
| Work In Process | |||
| Debit | Credit | ||
| Balance 1/1 | 19,000 | Credits | 506,000 |
| Direct materials | 74,000 |
|
|
| Direct labor | 13,000 |
|
|
| Overhead applied | 257,000 |
|
|
| Balance 12/31 | ? |
|
|
The cost of indirect materials requisitioned for use in production during the year was:
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The Impact Of SOA On IT Auditing From Auditors Point Of View
Authors: Farida Chotkan
1st Edition
3843363048, 978-3843363044
