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Information on Kwon Manufacturing's activities for its first month of operations follows: a . Purchased $ 1 0 0 , 4 0 0 of raw
Information on Kwon Manufacturing's activities for its first month of operations follows:
a Purchased $ of raw materials on credit.
b Materials requisitions show the following materials used for the month.
c Time tickets show the following labor used for the month.
d Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost.
e Transferred Job to Finished Goods Inventory.
f Sold Job for $ on credit.
g Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment
Rent on factory building payable
Factory utilities payable
Expired factory insurance
Total other factory overhead costs
Exercise Algo Computing job costs and gross profit LO P P P
Prepare a job cost sheet for Job and for Job for the month.
Compute gross profit on the sale of Job
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