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Pass journal entries for the following transactions under JOB order costing system.(5.0 marks) a. Direct martial of SR 100,000 and indirect material of SR 50,000
Pass journal entries for the following transactions under JOB order costing system.(5.0 marks)
a. Direct martial of SR 100,000 and indirect material of SR 50,000 have been discharged from stores.
b. Overhead of SR 50,000 applied to jobs.
c. Direct Labor of SR 40,000 and indirect labor of SR 20,000 charged to jobs.
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