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Required information [ The following information applies to the questions displayed below. ] Information on Kwon Manufacturing's activities for its first month of operations follows:
Required information
The following information applies to the questions displayed below.
Information on Kwon Manufacturing's activities for its first month of operations follows:
a Purchased $ 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 and to Job using a predetermined overhead rate of of direct materials cost.
e Transferred Job to Finished Goods Inventory.
f Sold Job for $ on credit.
g Incurred the following actual other overhead costs for the month.
Post entries for transactions a through g to the Taccounts. Each of Taccounts started the month with a zero balance.Required information
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The following information applies to the questions displayed below.
Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $ of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job $
Job
Total direct materials
Indirect materials
Total materials used $
Time tickets show the following labor used for the month.
Job $
Job
Total direct labor
Indirect labor
Total labor used $
Applied overhead to Job and to Job using a predetermined overhead rate to the Taccounts. Each of Taccounts started the month with a zero balance.
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