Question
Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations:
Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations:
| a. Materials purchased on account, $28,790. | |
| b. Materials requisitioned and factory labor used: |
| Job | Materials | Factory Labor |
| 301 | $2,880 | $2,910 |
| 302 | 3,690 | 3,860 |
| 303 | 2,300 | 1,780 |
| 304 | 7,820 | 6,990 |
| 305 | 5,310 | 5,050 |
| 306 | 3,700 | 3,280 |
| For general factory use | 1,070 | 4,180 |
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
