Question
What is/are the correct journal entry(ies) to record the completion and billing of the following job? Direct Materials $4,000 Direct Labor: $1,500 Packaging Materials: $100
What is/are the correct journal entry(ies) to record the completion and billing of the following job?
| Direct Materials | $4,000 |
| Direct Labor: | $1,500 |
| Packaging Materials: | $100 |
| Packaging and shipping labor: | $90 |
| Overhead rate: | $20/labor hour |
| Wages rate: | $15/hr. |
| Sales price: | 150% of Cost of Goods Sold |
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Contemporary Auditing real issues and cases
Authors: Michael C. Knapp
9th edition
978-1133839552, 113383955X, 1133187897, 978-1133710424, 1133710425, 978-1133187899
