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help please! (27) Northwest Incorporated has provided the following information for the year ended 208 a. Purchased raw materials on account for $242.200 b. Issued
help please! (27)
Northwest Incorporated has provided the following information for the year ended 208 a. Purchased raw materials on account for $242.200 b. Issued $132,200 in raw materials to production (\$36,200 were not traceable to specific jobs). c. Incurred $146,200 in direct labor costs (16,320 hours) and $64,700 in supervision costs (paid in casha) d. Incurred the following additional manufacturing overhead costs. factory fease $38,200 (pald in cash), depreciation on equipment $32,200, indirect supplies $15,700 (paid in cash) e Incurred the following nonmanufacturing costs, both paid in castr advertising $47,200; sales commissions $50,200. t. Applied manufacturing overhead to jobs in process at a rate of $13 per direct labor hour. 9. Completed jobs costing a total of $417.200 h. Sold jobs for $627,200 on account. The cost of the jobs was $414,200. 1 Closed the Manufacturing Overhead account balance. Required: Prepare the joumal entries to record these transactions: Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Journal entry worksheet Note: Enter debits before credits Step by Step Solution
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