Question
Hamilton Company recorded the following transactions for the just-completed month. Journalize these entries. a. $45,000 in raw materials was purchased on account. b. $125,000 in
Hamilton Company recorded the following transactions for the just-completed month. Journalize these entries.
a. $45,000 in raw materials was purchased on account.
b. $125,000 in raw materials was requisitioned for use in production. Of this amount, $70,000 was for direct materials and the remainder was for indirect materials.
c. Total labour wages of $212,000 were incurred. Of this amount, $183,000 was for direct labour and the remainder were for indirect labor.
d. Additional manufacturing overhead costs of $189,000 were incurred.
e. There was $400,000 of manufactured products completed by the end of the month
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