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E20-28 prepare journal entries-- inputs oxford company had the following transactions in october purchased raw materials on account $70,000 used materials in production: $26,000 in
E20-28
prepare journal entries-- inputs
oxford company had the following transactions in october
- purchased raw materials on account $70,000
- used materials in production: $26,000 in mixing departments; $14,000 in the packaging dept; $1,000 in indirect materials
- incurred labor costs: $8,000 in mixing dept; $7,200 in packaging dept; $2,200 in indirect labor
- incurred manufacturing overhead costs: $3,500 in machinery depreciation,; paid $2,300 for rent and $1,590 for utilities
prepare journal entries for oxford company
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