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Required information Skip to question The following information applies to the questions displayed below. Information on Kwon Manufacturings activities for its first month of operations follows: Purchased $ of raw materials on credit. Materials requisitions show the following materials used for the month. Job $ Job Total direct materials Indirect materials Total materials used $ Time tickets show the following labor used for the month. Job $ Job Total direct labor Indirect labor Total labor used $ Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost. Transferred Job to Finished Goods Inventory. Sold Job for $ on credit. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment $ Rent on factory building payable Factory utilities payable Expired factory insurance Total other factory overhead costs $ Prepare journal entries to record the transactions reflected in items a through g
Required information
Skip to question
The following information applies to the questions displayed below.
Information on Kwon Manufacturings activities for its first month of operations follows:
Purchased $ of raw materials on credit.
Materials requisitions show the following materials used for the month.
Job $
Job
Total direct materials
Indirect materials
Total materials used $
Time tickets show the following labor used for the month.
Job $
Job
Total direct labor
Indirect labor
Total labor used $
Applied overhead to Job and to Job using a predetermined overhead rate of of direct materials cost.
Transferred Job to Finished Goods Inventory.
Sold Job for $ on credit.
Incurred the following actual other overhead costs for the month.
Depreciation of factory equipment $
Rent on factory building payable
Factory utilities payable
Expired factory insurance
Total other factory overhead costs $
Prepare journal entries to record the transactions reflected in items a through g
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