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I need a Very Quick and complete solution for this question. Anyone who is sure about the answer please go ahead to solve it with
I need a Very Quick and complete solution for this question. Anyone who is sure about the answer please go ahead to solve it with neat and clean handwriting.
The Excellent Company had the following inventories on April 1, 2019: $ 50,000 Raw Material Finished Goods 28,000 WIP - Material 2,000 WIP - Labour 30,000 WIP - FOH 12,000 During the month the cost of material purchased was $120,000, direct labor cost incurred was $160,000 and factory overhead applicable to production was $60,000, on April 30 inventories were: Raw Material 46,000 Finished Goods 44,000 WIP - Material 10,000 WIP - Labour 18,000 WIP - FOH 8,000 Required: Prepare Journal entries on April 30, to show the flow of cost through the proper summary accounts and also give the subsidiary recordsStep by Step Solution
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