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Please answer this question using the table that is provided. Not all spots will be filled. Thank you, I really appreciate your help!! Nildhorse Manufacturing
Please answer this question using the table that is provided. Not all spots will be filled. Thank you, I really appreciate your help!!
Nildhorse Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw materials for $20,000. 8 Raw materials requisitioned by production: 15 Incurred factory utilities, $2,100 and repairs for factory equipment, $8,000. 25 Incurred $108,000 of factory labor. 25 Time tickets indicated the following: 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $5 per direct labor hour worked. 28 Goods costing $18,000 were completed in the factory and were transferred to finished goods. 30 Goods costing $15,000 were sold. Jsing the grid below, record the following transactions during the month of June. (Enter negative amounts using either a negative sign oreceding the number e.g. -45 or parentheses e.g. (45).) Using the grid below, record the following transactions during the month of June. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Step by Step Solution
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