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Letters (a) through (g) represent several recent transactions that were posted to some of Johnson Company's T-accounts. Raw Materials Inventory Debit (a) (b) Manufacturing Overhead
Letters (a) through (g) represent several recent transactions that were posted to some of Johnson Company's T-accounts. Raw Materials Inventory Debit (a) (b) Manufacturing Overhead Debit (e) Credit Work in Process Inventory Debit Credit (b) (f) (d) (e) Debit Credit Finished Goods Inventory Debit Credit (1) Cost of Goods Sold * Credit Required: Assign letters (a) through (g) to the following descriptions to indicate how the transactions would be recorded in the T-accounts. The purchase of raw materials is provided as an example, where the letter (a) represents a debit to Raw Materials Inventory. Description Applied Manufacturing Overhead Recorded Direct Labor Recorded the Cost of Jobs Completed Purchased Raw Materials Recorded Actual Manufacturing Overhead Recorded the Cost of Jobs Sold Issued Raw Materials to Production Transaction (a) 4
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