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journal entrys for all 10 Shellenback Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for
journal entrys for all 10
Shellenback Incorporated has provided the following information for the year ended 208 : a. Purchased raw materials on account for $202,200. b. Issued $187,200 in raw materials to production ($14,200 were not traceable to specific jobs). c. Incurred $157,200 in direct labor costs (16,950 hours), $54,700 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $24,200 (paid in cash); depreciation on equipmen $28,200; factory utilities $15,700 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $57,200; sales commissions $60,200. f. Applied manufacturing overhead to jobs in process at a rate of $9 per direct labor hour. g. Completed jobs costing a total of $459,200. h. Sold jobs for $737,200 on account. The cost of the jobs was $443,200. i. Closed the manufacturing overhead account balance. Required: 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.) Step by Step Solution
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