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The production of Job ACE went much better than planned. In fact, there was a fair amount of good, usable material left over. Mary, the
The production of Job ACE went much better than planned. In fact, there was a fair amount of good, usable material left over. Mary, the
production manager, pulled $ of material from inventory, but used just $ of material, along with $ of DL and $ of MOH. Mary
believes the material should be put back into circulation, as it could be usable on a different job in the future. If the scrap material is put
back into inventory, what is the journal entry to record the completion of Job ACE and the reclassification of material if the company
uses the production method to account for scrap? Credit account tittes are automatically indented when the amount is entered. Do not indent
manually. If no entry is required, select No Entry" for the account tities and enter o for the amounts. List all debitentries before credit entries.
Account Titles and Explanation
FG Inventory Job ACE
FG Inventory
Debit
Credit
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