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Please!!!! all the required question are below. Provide me accurate answer with step by step guide. Canada Capital Company uses a job-order costing system. The
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Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year: o. Raw materials were purchased on account, $236,000. b. Raw materials were issued to production, $213,400 ( $200,100 direct materials and $13,300 indirect materials). c. Direct tabour cost was incurred, $111,300; indirect labour cost was incurred, $101,700. d. Depreciation was recorded on factory equipment, $41,300, e. Other manufactuting overhead costs were incurred duting October, $19,100 (credit accounts payable). f. The company applies manufacturing overhead cost to production on the basis of $8.00 per machine-hout. There were 33.900 machine-hours recorded for October. 9. Production orders costing $585,000 according to their job cost sheets were completed duting October and transferred to finished goods. h. Production orders that had cost $538.500 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 20% above cost. The goods were sold on actount. Required: 1. Prepare joumal entries to record the preceding information. (If no entry is required for a particular transection, select "No journal entry required" in the first occount field.) Required: 1. Prepare journal entries to record the preceding information. (If no entry is required for a porticular tronsoction, select "No journol entry required" in the first account field.) 2. Prepare T-accounts for manufacturing overhead and work in process. Post the relevant information above to each account. Compute the ending belance in each account, assuming that work in process has a beginning balance of $43,300 all the required question are below. Provide me accurate answer with step by step guide.
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