Question
P3-49A Determine and record job costs (Learning Objectives 2, 3, 4, & 6) Veon Homes manufactures prefabricated chalets in Colorado. The company uses a
P3-49A Determine and record job costs (Learning Objectives 2, 3, 4, & 6) Veon Homes manufactures prefabricated chalets in Colorado. The company uses a perpetual inventory system and a job cost system in which each chalet is a job. The following events occurred during May: a. Purchased materials on account, $490,000. b. Incurred total manufacturing wages of $115,000, which included both direct labor and indirect labor. Used direct labor in manufacturing as follows: Chalet 13 Direct Labor $14,200 Chalet 14 $28,500 Chalet 15 $19,900 Chalet 16 $21,900
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