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Lexan Textile Company's Job X12 had one of its 25 units spoiled. The cost incurred on the unit was $690. It was specific normal spoilage
Lexan Textile Company's Job X12 had one of its 25 units spoiled. The cost incurred on the unit was $690. It was specific normal spoilage with an estimated disposal price of $480 for the spoiled unit Job Y34 had common normal spoilage with the estimated cost of 3580 from the general production process failure and abnormal spoilage of $110. The company also incurred scrap due to Job Y34 and sold it for $75. It also sold the scrap common to all jobs for $115 cash in May Required: 1 Prepare the necessary journal entries to record normal and abnormal spoilage costs: 2. Prepare the necessary journal entries to record both types of scrap sold Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the necessary fournal entries to record normal and abnormal spolage costs, (if no entry is required for a transaction/event, select 'No journal entry required in the first account field) View transactions Journal entry worksheet 1 2 > Journal entry worksheet Record the normal spoilage attributable to Job X12. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet
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