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Josie Inc. has provided the following information for the year ended 20x8: 16 a. Purchased raw materials on account for $120,700. b. Issued $114,200
Josie Inc. has provided the following information for the year ended 20x8: 16 a. Purchased raw materials on account for $120,700. b. Issued $114,200 in raw materials to production ($20,100 were not traceable to specific jobs). c. Incurred $115,152 in direct labor costs (14,394 hours) and $61,100 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $23,200 (paid in cash); depreciation on equipment $20,000; custodial supplies $6,900 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,400; sales commissions $87,600. f. Applied manufacturing overhead to jobs in process at a rate of $10 per direct labor hour. g. Completed jobs costing a total of $344,400. h. Sold jobs for $427,000 on account. The cost of the jobs was $341,400. i. Closed the Manufacturing Overhead account balance. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 > Record purchase of raw material on account. Note: Enter debits before credits. Event a General Journal Debit Credit Record entry Clear entry View general journal
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