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Fonts epare the following journal entries in the job costing system: 1. Purchase Raw materials for $1,000 on account 2. Apply $400 in Direct Labor
Fonts epare the following journal entries in the job costing system: 1. Purchase Raw materials for $1,000 on account 2. Apply $400 in Direct Labor to Job 123 3. Apply $250 in materials to Job 123 4. Utilize $250 in Indirect Labor in the manufacturing process 5. Apply overhead at a rate of $1.5 per Labor Dollar to Job 123 6. Complete Job 123 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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