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it has to be in T's account Farm Equipment Inc produces tractors and other farm machinery. Each piece of equipment is built to customer specifications.

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it has to be in T's account
Farm Equipment Inc produces tractors and other farm machinery. Each piece of equipment is built to customer specifications. During May, its first month of operation, Farm Equipment Inc began working on three customer orders: Jobs 1, 2, and 3. The following transactions occurred during May: May 1 Purchased production materials on account totaling $450,000. May 15 Processed material requisitions for the following items: May 30 Processed timesheets showing the following: Nay so: End of month transactions: Apply overhead at 150 is of direct labor cost (DLC) Lob 1 is completed. Transfer it to Finished Goods. Delivered Job 1 to the curtomer and billed them $140,000. Remember that TW0 entries are netded every time we rell inventory. You need to make the entries into Tascounchfor the above transactiont and post them to Job. Cost Sheuts. Determine the coint we have put in for May far each job. Crlculate our gross profit on job- 1 . [B. Terepiedigione 0 of Job Ormina

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