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help please During the current month, Crane Company incurs the following manutacturing costs. (a) Purchased rav materials of $14800 on account. (b) Incurred factory tabor
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During the current month, Crane Company incurs the following manutacturing costs. (a) Purchased rav materials of $14800 on account. (b) Incurred factory tabor of $32,800 (c) Factory utilities of $2.490 are payable, prepaid factory insurance of $2.210 have expired and depreciation on the factory building is $7,800. Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record marnufacturing overtead) (tist all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manudily? No. Account Titles and Explanation (a) Accounts Payable. (Purchases of raw materials on account) (b) Factory Labor Factory Wagen Payable (To record factory labor costs) (c) Factory Wages Payable Prepaid Proberty Taxes (Torecord owerhead costs) eTextbook and Media Step by Step Solution
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