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QS 2-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $78,000 in raw materials for
QS 2-4 Raw materials journal entries LO P1
During the current month, a company that uses job order costing purchases $78,000 in raw materials for cash. It then uses $20,000 of raw materials indirectly as factory supplies and uses $52,000 of raw materials as direct materials. Prepare journal entries to record these three transactions
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