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Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 8 15 25 25 Purchased raw materials for

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Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 8 15 25 25 Purchased raw materials for $20,000. Raw materials requisitioned by production: Direct $8,000 materials Indirect 1.000 materials Incurred factory utilities, $2,100 and repairs for factory equipment. $8,000. Incurred $108,000 of factory labor. Time tickets indicated the following: Direct Labor (7,000 hrs x $12 584,000 per hr Indirect Labor (3,000 hrs x $8 per 24.000 hr) $108.000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked Goods costing 518.000 were completed in the factory and were transferred to finished goods Goods costing $15.000 were sold 25 28 30 Using the grid below, record the transactions during the month of June. (Enter negative amounts using either a negative skan preceding the number es. -15 or parentheses es (451) Work in Prog Manufacturing Costs Factory Labor Date Raw Materials Inventory Manufacturing Overhead $ June 1 $ 20.000 $ 00 1000 00 15 25 25 25 25. 28 30

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