Marco Company shows the following costs for three jobs worked on in April. Problem...
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Accounting
Marco Company shows the following costs for three jobs worked on in April. Problem A Algo Part a Materials purchases on credit b Direct materials used. c Direct labor used and paid in cash and assigned to Work in Process Inventory. d Indirect materials used and assigned to Factory Overhead. e Indirect labor used and paid in cash and assigned to Factory Overhead. f Overhead costs applied to Work in Process Inventory. g Actual other overhead costs incurred Factory rent and utilities are paid in cash. h Transfer of Jobs and to Finished Goods Inventory. i Cost of goods sold for Job j Revenue from the sale of Job received in cash. k Close underapplied or overapplied overhead to the Cost of Goods Sold account. Prepare journal entries for the month of April to record the above transactions. 
Marco Company shows the following costs for three jobs worked on in April.
Problem A Algo Part
a Materials purchases on credit
b Direct materials used.
c Direct labor used and paid in cash and assigned to Work in Process Inventory.
d Indirect materials used and assigned to Factory Overhead.
e Indirect labor used and paid in cash and assigned to Factory Overhead.
f Overhead costs applied to Work in Process Inventory.
g Actual other overhead costs incurred Factory rent and utilities are paid in cash.
h Transfer of Jobs and to Finished Goods Inventory.
i Cost of goods sold for Job
j Revenue from the sale of Job received in cash.
k Close underapplied or overapplied overhead to the Cost of Goods Sold account.
Prepare journal entries for the month of April to record the above transactions.
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