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i need to solve this problem (11) Carmen Company is a manufacturer that completed numerous transactions during the month, some of which are shown below.
i need to solve this problem (11)
Carmen Company is a manufacturer that completed numerous transactions during the month, some of which are shown below. a. Raw materials used in production as direct materials, $56,000, b. Paid direct laborers $40.000 in cash for their work on varlous jobs during the month. c. Applied $35,000 of manufacturing overhead to production during the month. d. Various jobs costing a total of $110,000 were completed during the month and transferred to Finished Goods. e. Various completed jobs costing a total of $90,000 were sold to customers. f. Cash sales for the month totaled $160,000. g. Selling and administrative expenses paid in cash, $18,000. Required: The table shown below includes a subset of Carmen Company's balance sheet accounts. Record each of the above transactions using the accounts that are given. (If a transaction increases an account balance, then record the amount as a positive number. If it decreases on account balance, then record the omount with minus sign.) Step by Step Solution
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