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Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a schedule
Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a schedule showing the individual cost components and total cost for each job in item 6. Marigold Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $197,800, and factory wages incurred $93,400. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account $53,100. 4. Depreciation on factory equipment $16,150. 5. Manufacturing overhead rate is 83% of direct labor cost. 6. Jobs completed during the quarter: A20,A21, and A23
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