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Exercise 325 Basic Journal Entries in Job-Order Costing (LO 35) Finley Educational Products started and finished job number 867 during June. The job required
Exercise 325 Basic Journal Entries in Job-Order Costing (LO 35) Finley Educational Products started and finished job number 867 during June. The job required S4,600 of direct material and 40 hours of direct labor at S17 per hour The predetermined overhead rate is $5 per direct-labor hour. Required: Prepare journal entries to record the incurrence of production costs and the completion of job number 867. (If no entry is required for e transaction/event, select "No journal entry required" in the first account field.) Credit 4,600 e 680 0 680 e 200 0 200 2 Transaction 2 Answer is not complete. General Journal Work-in-process inventory Raw-material inventory Work-in-process inventory Wages payable Work-in-process inventory Manufacturing overhead Finished-goods inventory Work-in-process inventory Exercise 325 Basic Journal Entries in Job-Order Costing (LO 35) Finley Educational Products started and finished job number 867 during June. The job required S4,600 of direct material and 40 hours of direct labor at S17 per hour The predetermined overhead rate is $5 per direct-labor hour. Required: Prepare journal entries to record the incurrence of production costs and the completion of job number 867. (If no entry is required for e transaction/event, select "No journal entry required" in the first account field.) Credit 4,600 e 680 0 680 e 200 0 200 2 Transaction 2 Answer is not complete. General Journal Work-in-process inventory Raw-material inventory Work-in-process inventory Wages payable Work-in-process inventory Manufacturing overhead Finished-goods inventory Work-in-process inventory
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