Question
jurvin enterprise is a manfacturing company that has no beginning inventory. A subset of the transactions that is recorded during a recent month is showing
jurvin enterprise is a manfacturing company that has no beginning inventory. A subset of the transactions that is recorded during a recent month is showing below. a.$94000 in raw materials were purchased for cash b.$89000 in raw materials were used in production. of this amount 78000 was for direct and the remainder was for indirect labor c total labor wages of $132000 were incurred and paid . of this amount 112000 was for direct labour and the remainder was for indirect labor d Additional manfacturing overhead cost of 143000 were incurred and paid e. Manfacturing overhead of 152000 was applied to production using the company predetermined overhead rates f All of the jobs in process at the end of month were completed g.All of the completed jobs were shipped to customers h.Any underapplied overhead or overapplied overhead for the period was closed to cost of goods sold.
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