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Journal Entries Travis Manufacturing Company uses the perpetual inventory system to record transactions related to its manufacturing inventories. The following transactions occurred during August Aug.
Journal Entries
Travis Manufacturing Company uses the perpetual inventory system to record transactions related to its manufacturing inventories. The following transactions occurred during August
Aug. Recelved $ of materials and components that had been ordered on account.
Aug. Recorded the payroll: $ of direct labor and $ of indirect labor.
Aug. Sold on account product costing $ for $
Aug. Completed product costing $ and transferred it to the warehouse.
Aug. Requisitioned $ of materials for use in the factory; $ was used as direct materials and the remainder was used as indirect materials.
Aug. Applied $ of manufacturing overhead cost to the product currently being worked on
Aug. Paid $ cash for a special material component that was shipped via overnight delivery.
Aug. Sold product costing $ for $ cash.
Required
Prepare general journal entries to record these transactions.
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