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Problem 2 During May, Keenan Company accumulated 600 hours of direct labor costs on Job 200 and 520 hours on Job 305. The total
Problem 2 During May, Keenan Company accumulated 600 hours of direct labor costs on Job 200 and 520 hours on Job 305. The total direct labor was incurred at a rate of $15 per direct labor hour for Job 200 and $12 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May.
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