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Please complete all the parts including years 2013,2014,2015. The following accounting events affected Nelson Manufacturing Company during its first three years of operation. Assume that
Please complete all the parts including years 2013,2014,2015. The following accounting events affected Nelson Manufacturing Company during its first three years of operation. Assume that all transactions are cash transactions. Transactions for 2013 1. Started manufacturing company by issuing common stock for $3,400. 2. Purchased $1.260 of direct raw materials. 3. Used $730 of direct raw materials to produce inventory 4. Paid $370 of direct labor wages to employees to make inventory 5. Applied $270 of manufacturing overhead cost to Work in Process Inventory. 6. Finished work on inventory that cost $920. 7. Sold goods that cost$610 for $1,120 8. Paid $370 for selling and administrative expenses. 9. Actual manufacturing overhead cost amounted to $211 for the year. Transactions for 2014 1. Acquired additional $1,100 of cash from common stock. 2. Purchased $1,250 of direct raw materials. 3, Used $1.210 direct raw materials to produce inventory. 4. Paid $580 direct labor wages to employees to make inventory. 5. Applied $300 of manufacturing overhead cost to in Process inventory. 6. Finished work on inventory that cost $1,870 7. Sold goods that cost $1,520 for $2,850 8, Paid $420 for selling and administrative expenses. for the year. 9. Actual manufacturing overhead cost amounted to $330 Transactions for 2015 1. Paid a cash dividend of$700 2. Purchased $1,490 of direct raw materials inventory 3. Used $1.150 of direct raw materials to produce 4. Paid $430 of direct labor wages to employees to make inventory 5. Applied $330 of manufacturing overhead cost to work in process Finished work on inventory that cost $2,040 7. Sold goods that cost $2,240 for $3,520 8. Paid $660 for selling and administrative expense for the yea 9. Annual manufacturing overhead costs were $240
Please complete all the parts including years 2013,2014,2015.
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