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Question II 20 Points Brooks Incorporated produced Job 121 using $11,250 of direct materials and $3,945 of direct labor. Overhead is applied at a
Question II 20 Points Brooks Incorporated produced Job 121 using $11,250 of direct materials and $3,945 of direct labor. Overhead is applied at a predetermined rate of 150% of direct labor cost. Required: Prepare general journal entries, omitting subsidiary detail, to record the following: 1) The costs of Job 121 2) The transfer of Job 121 to the fininshed goods stockroom 3) The shipment of the completed job to the customer, assuming the company bills its jobs to customers at 150 percent of cost.
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