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Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and
Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. 1. Raw materials purchases for cash. 2. Direct materials usage. 3. Indirect materials usage. Prepare journal entries for the above transactions for the month of May. 1 Record raw material purchases for cash. 2 Record the entry to assign direct materials to jobs. 3 Record the entry to assign indirect materials to jobs. Note: = journal entry has been entered
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