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Prepare Journal entries to record the transactions reflected in items a through g Required information [The following information applies to the questions displayed below] Information
Prepare Journal entries to record the transactions reflected in items a through g
Required information [The following information applies to the questions displayed below] Information on Kwon Manufacturting's activties for its first month of operations follows: a. Purchased $100,700 of raw materlals on credit. b. Materials requistitions show the followng materlals used for the month. c. Time tickets show the following labor used for the month. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Fintshed Goods Inventory. f. (1) Sold Job 201 for $165,860 on credit. (2) Record cost of goods sold for Job 201 . g. Incurred the following actual other overhead costs for the month. Prepare joumal entries to record the transactions reflected in items a through g. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materlals cort. e. Transferred Job 201 to Finished Goods Inventory. t. (1) Sold Job 201 for $165,860 on credt. (2) Record cost of goods sold for Job 201 . 9. Incurred the following actual other overhead costs for the month. Prepare joumal entries to record the transactions reflected in items a through g. Journal entry worksheet Prepare joumal entries to record the transactions reflected in items athrough g. Journal entry worksheet Prepare joumal entrles to record the transactlons reflected in items athrough g. Journal entry worksheet Note: Entkr debles deforh icratus Prepare joumal entries to record the transactions reflected in items athrough g. Journal entry worksheet Prepare journal entrles to record the transactions reflected in items athrough g. Journal entry worksheet Prepare journal entries to record the transactions reflected in items athrough g. Journal entry worksheet Record overhead applied to jobs at the rate of 80% of direct materials cost. Note: Enter debits before credits. Prepare Journal entrles to record the transactions reflected in items athrough g. Journal entry worksheet Prepare joumal entrles to record the transactions reflected in items athrough g. Journal entry worksheet Prepare joumal entries to record the transactions reflected in items a through g. Journal entry worksheet Prepare journal entries to record the transactions reflected in items a through g. Journal entry worksheet Step by Step Solution
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