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the person that previously answered the question all the figures are incorrect. Someone please assist Flounder makes and sells milkshakes in individual-sized serving containers. Its
the person that previously answered the question all the figures are incorrect. Someone please assist
Flounder makes and sells milkshakes in individual-sized serving containers. Its most popular flavors are strawberry, caramel, chocolate, and vanilla. Due to its automated processes, it uses machine hours as its cost driver, and the company determines a budgeted MOH rate at the beginning of the year. This year's rate is estimated at $1.25/ machine hour. The following events occurred this year (amounts are in thousands). Record the journal entries to account for the production-related events described above. (Credit account titles are indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Enter amounts in 5. MOHCOntrol Salaries and Wages Payable 141000 6. MOH Control 24000 Accounts Pavable 7. MOHControl 61000 8. WIP Inventory 330000 9. FG Inventory 1376000 10. Accounts Receivable 2638000 11. 2638000 Revenue 1376000 WIP Inventory 330000 FGliventory 1551000Step by Step Solution
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