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Sarasota Corporation was starting a new style of jacket and was monitoring the costs of its first production run of these items during the month.
Sarasota Corporation was starting a new style of jacket and was monitoring the costs of its first production run of these items during the month. The costs and transactions associated with this jacket were as follows. Purchased fabric on account at a cost of Transferred of fabric into production. Accrued DL cost of associated with DL hours. Recorded actual MOH costs ofconsisting of accrued liabilities of and factoryrelated depreciation of Applied MOH costs using a budgeted MOH rate of per DL hour. Recognized cost of goods completed of Sarasota Corporation was starting a new style of jacket and was monitoring the costs of its first production run of these items durinit the month. The costs and transactions associated with this jacket were as follows. Purchased fabric on account at a cost of $ Transferred $ of fabric into production. Accrued DL cost of $ associated with DL hours: Recorded actual MOH costs of $ consisting of accrued liabilities of $ and factory related depreciation of $ Applied MOH costs using a budgeted MOH rate of $ per DL hour Recognized cost of goods completed of $
write the journal entries for these transactions using Actual MOH, Applied MOH, DL cost DM used, End Balance, goods completed, and Purchases
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