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sh Ccounts receivable aw materials inventory work in process inventory inished goods inventory repaid rent Accounts payable Notes payable $ 77,000 46,000 28,000 0

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sh Ccounts receivable aw materials inventory work in process inventory inished goods inventory repaid rent Accounts payable Notes payable $ 77,000 46,000 28,000 0 12,000 4,000 $ 10,300 13,300 Common stock 40,000 Retained earnings 93,000 Sales 213,400 Cost of goods sold 120,000 Factory overhead 28,000 Operating expenses Totals 55,000 $370,000 $370,000 so far. After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date. Materials requisition 21-3010: Materials requisition 21-3011: Materials requisition 21-3012: Labor time ticket 6052: Labor time ticket 6053: Labor time ticket 6054 $ 4,900 direct materials to Job. 402 $ 7,800 direct materials to Job 404 $ 2,000 indirect materials $ 4,000 direct labor to Job 402 $16,000 direct labor to Jcb 404 $ 5,000 indirect labor Jobs 402 and 404 ere the only units in process at year-end. The predetermined overhead rate is 100% of direct labor cost Prev 78 of 8 Next >>

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