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Prepare journal entries Question 1 po point i Custom Fence Corporations onder conto the town dat we do strmone's production 1. Material contra 5122,000 were
Prepare journal entries
Question 1 po point i Custom Fence Corporations onder conto the town dat we do strmone's production 1. Material contra 5122,000 were purchased by wyra 530.000 in cash with the remainder oncours 2. Materials requisitioned were as follows Job 1811.000, Job 2 100: Job 3 $8,100 Generatory $1.200 3. Factory wages incurred were as follow Job 1 55.900, Job 256,100, Job 3440, General factory use $4,615. The factory wages were paid in cash 4. Depreciation on factory equipment $9.400. 5. Depreciation on corporate headquarters $5,400 6. Manufacturing overhead costs incurred on account $8,000, 7. Manufacturing overhead rate is 110% of direct labor costs. 8. Job 1 and Job 3 were completed during the month. 9. Job 1 was sold for $51,527 cash. 10. Prepared the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to the Cost of Goods Sold account. Question 1 po point i Custom Fence Corporations onder conto the town dat we do strmone's production 1. Material contra 5122,000 were purchased by wyra 530.000 in cash with the remainder oncours 2. Materials requisitioned were as follows Job 1811.000, Job 2 100: Job 3 $8,100 Generatory $1.200 3. Factory wages incurred were as follow Job 1 55.900, Job 256,100, Job 3440, General factory use $4,615. The factory wages were paid in cash 4. Depreciation on factory equipment $9.400. 5. Depreciation on corporate headquarters $5,400 6. Manufacturing overhead costs incurred on account $8,000, 7. Manufacturing overhead rate is 110% of direct labor costs. 8. Job 1 and Job 3 were completed during the month. 9. Job 1 was sold for $51,527 cash. 10. Prepared the adjusting entry for manufacturing overhead, assuming the balance is allocated entirely to the Cost of Goods Sold account Step by Step Solution
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