Whitefish Machine Shop is a manufacturer of golf carts. Peter Cranston, the plant manager of Whitefish...

  

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Whitefish Machine Shop is a manufacturer of golf carts. Peter Cranston, the plant manager of Whitefish Machine, obtains the following information for Job #22 in August 2020. A total of 26 units were started, and 6 spoiled units were detected and rejected at final inspection, yielding 20 good units. The spoiled units were considered to be normal spoilage. Costs assigned prior to the inspection point are $1,450 per unit. Assume that the 6 spoiled units of Whitefish Machine Shop's Job # 22 can be reworked for a total cost of $2,200. A total cost of $8,700 associated with these units has already been assigned to Job # 22 before the rework. Read the requirements. Prepare the journal entries for the rework, assuming the following: (Record debits first, then credits. Exclude explanations from any journal entries. Abbreviations used: "Pay." = Payable, "Mfg." Manufacturing.) a. The rework is related to a specific job. Journal Entry Accounts Debit Credit Requirements Prepare the journal entries for the rework, assuming the following: a. The rework is related to a specific job. b. The rework is common to all jobs. c. The rework is considered to be abnormal. - Whitefish Machine Shop is a manufacturer of golf carts. Peter Cranston, the plant manager of Whitefish Machine, obtains the following information for Job #22 in August 2020. A total of 26 units were started, and 6 spoiled units were detected and rejected at final inspection, yielding 20 good units. The spoiled units were considered to be normal spoilage. Costs assigned prior to the inspection point are $1,450 per unit. Assume that the 6 spoiled units of Whitefish Machine Shop's Job # 22 can be reworked for a total cost of $2,200. A total cost of $8,700 associated with these units has already been assigned to Job # 22 before the rework. Read the requirements. Prepare the journal entries for the rework, assuming the following: (Record debits first, then credits. Exclude explanations from any journal entries. Abbreviations used: "Pay." = Payable, "Mfg." Manufacturing.) a. The rework is related to a specific job. Journal Entry Accounts Debit Credit Requirements Prepare the journal entries for the rework, assuming the following: a. The rework is related to a specific job. b. The rework is common to all jobs. c. The rework is considered to be abnormal. -

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Answer To prepare the journal entries for the rework assuming the rework is ... View the full answer