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Current Attempt in Progress Ivanhoe Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following transactions were completed during October, the
Current Attempt in Progress
Ivanhoe Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. The following
transactions were completed during October, the company's first month of operations.
Purchased $ of raw materials.
Issued raw materials for production: Mixing $ and Packaging $
Incurred labor costs of $
Used factory labor: Mixing $ and Packaging $
Incurred $ of manufacturing overhead.
Applied manufacturing overhead on the basis of $ per machine hour. Machine hours were in Mixing and in
Packaging.
Transferred units from Mixing to Packaging at a cost of $
Transferred units from Packaging to Finished Goods at a cost of $
Sold goods costing $
Record the October transactions using the following format. Enter negative amounts using either a negative sign preceding the number eg
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