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Required information Problem 1 5 - 4 A ( Algo ) Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P 1 ,
Required information Problem A Algo Preparing job cost sheets, recording costs, preparing inventory ledger accounts LO P P PThe following infomation applies to the questions displayed beiow. Wotercraft's predetermined overhead rate is of direct labor. Information on the company's production activities during May follows: a Purchased raw materiats on credit $ b Materials requisitions record use of the following materals for the month. c Time tickets record use of the following labor for the month. These wages were paid in cash.c Time tickets record use of the following labor for the month. These wages were paid in cash. d Applied overhead to Jobs and e Transferred Jobs and to Finished Goods Inventory. f Sold Jobs and on credit at a total price of $ Recorded the cost of goods sold for Jobs and h Incurred the following actual other overhead costs during the month. i Applied overhead at monthend to the Work in Process Inventory account for Job and using the predetermined overhead rate of of direct labor cost. Problem A Algo Part Required: Prepare a job cost sheet for each job worked on during the month Applied overhead at monthend to the Work in Process Inventory account for Job and using the predetermined overhead rate of of direct labor cost. Problem A Algo Part Required: Prepare a job cost sheet for each job worked on during the month.
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