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Record direct labor used. Record indirect labor used. Record overhead applied to jobs at the rate of 80% of direct materials cost. Record the completion
Record direct labor used. Record indirect labor used. Record overhead applied to jobs at the rate of 80% of direct materials cost. Record the completion of Job 201. Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,600 of raw materials on credit. b. Materials requisitions show the following materials 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 precietermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $168,560 on credit g. Incurred the following actual other overhead costs for the month. Exercise 15.7 (Algo) Recording materials, labor, overhead, and sales LO P1, P2, P3
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