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I 2. Prepare the necessary journal entries from the following information for Dunai Refreshments Company. a) Purchased materials on account, $85,000. b) Requisitioned materials for
I 2. Prepare the necessary journal entries from the following information for Dunai Refreshments Company. a) Purchased materials on account, $85,000. b) Requisitioned materials for production as follows: direct materials - $35,000, indirect materials - $6,000. c) Direct labor for production is $20,000, indirect labor is $12,000. d) Other Manufacturing Overhead incurred on account $65,000 e) Overhead is applied to production based on direct labor cost at the rate of 110%
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