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Here is some basic data for Superfly Company: Cost of materials purchases on account Cost of materials requisitioned (includes $2,700 of indirect) Direct labor costs
Here is some basic data for Superfly Company: Cost of materials purchases on account Cost of materials requisitioned (includes $2,700 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods completed Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) The journal entry to record the cost of raw materials placed into production involves a A. debit to Work-in - Process Inventory account for $50,600. B. credit to Manufacturing Overhead account for $2,700. O C. debit to Overhead account for $50,600. O D. debit to Work-in - Process Inventory account for $53,300. $72,700 $53,300 $80,000 $87,300 $257,750 $167,800 $17,500 $33,500 $35,600 130%
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