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Indigo makes and sells milkshakes in individual-sized serving containers. Its most popular flavors are strawberry, caramel, chocolate, and vanilla. Due to its automated processes, it
Indigo makes and sells milkshakes in individual-sized serving containers. Its most popular flavors are strawberry, caramel, chocolate, and vanilla. Due to its automated processes, it uses machine hours as its cost driver, and the company determines a budgeted MOH rate at the beginning of the year. This year's rate is estimated at $1.25/machine hour. The following events occurred this year (amounts are in thousands). 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Purchased milk, sugar, flavorings, and other ingredients ($441 direct/$51 indirect) Transferred direct materials into production Incurred direct labor cost for factory workers Transferred indirect materials into production Incurred salary for factory supervisors Received utility bill for factory Incurred labor cost for maintenance employees in factory Applied MOH based on 312,000 actual machine hours used Recorded cost of goods completed Recognized revenue for milkshakes sold on account Recognized Cost of Goods Sold associated with units sold The following balances existed in these accounts at the beginning of the year. $492 531 396 63 156 39 76 ? 1,391 2,668 1,566
can someone help on part b there are 11 joirnal entries
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