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helpme with paddle board journal entries help with paddle board entries, i know it meeds more info i just wanna know how to calculate that,
helpme with paddle board journal entries
help with paddle board entries, i know it meeds more info i just wanna know how to calculate that, the formulas and results if possible
Continuous) based upon 130% of direct labor cost.(note this was 125% last December but company. has ' a new rate this year)/r Jan. 4 Transferred the completed job to the finished goods account. 5 Sold and shipped Job No. 1403 to SaltWaterHut.com. All sales are on account 2/10, net 30 days, FOB shipping point. Hydro-Paddle-Boards, Inc. marks up all work by 40% of the job- cost. Refer to the individual Job. Cost Record for the total cost of 'the job, and multiply the total cost by. 140% to determine the selling price. SaltWaterHut is not expected to pay within. the discount period.? Hydro Paddle Boards, Inc. maintains a perpetual inventory system. Each time a sale is made to a customer, you must debit Costof 'Goods ' Sold and credit Finished Goods forthe cost of the job. 8 Requisitioned $2,532.54 of indirect materials and factory supplies to be used in the manufacture of all jobs currently in process. (Materials: Requisition No. 1680) 9 Paid Anabella Henriquez, County. Tax. Collector, $13,342.00 for property taxes accrued as of December 31.9 9 Purchased from GT Matrix Corporation: $4,982.52 of indirect factory supplies, creditterms net is days. 9 Accepted a job for the manufacture of 66 units B1 (Beginner SUP) paddle boards for Rio: Watersports. The promise date is February 14, The company began the job: today, applying $11,928.00 of direct. materials to Job: No, 1406. (Materials Requisition No. 1681) 10 - Received a check from Tarpon Sports. Led. for the amount due, 11 Paid Light Hardware, Inc, $18,200,00 in payment of the December 31 balance. 1 age) Step by Step Solution
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