Entries by mary WAMBUGU

Company January 1 2016 finished goods inventory was $90,000. The January 1 2017 finished goods inventory is $70,000.

August 22, 2019 in /by

A Company January 1 2016 finished goods inventory was $90,000. The January 1 2017 finished goods inventory is $70,000. Cost of goods manufactured for the FY 2016 was $250,000. What is the dollar amount of the FY2016 cost of goods sold?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon […]

 

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A Company purchased on account 3000 pounds of raw materials at $10 per pound on January 2 2017.

August 22, 2019 in /by

A Company purchased on account 3000 pounds of raw materials at $10 per pound on January 2 2017. The production manager requisitioned and received 2000 pounds of raw material into production on January 15. Prepare General Journal entries for January 2 and January 15   Looking for a Similar Assignment? Order now and Get 10% […]

 

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A Company uses a job order cost system and applies overhead on estimated rates. The overhead application rate is based on total estimated overhead costs of $200,000 and direct labor hours of 45,000.

August 22, 2019 in /by

A Company uses a job order cost system and applies overhead on estimated rates. The overhead application rate is based on total estimated overhead costs of $200,000 and direct labor hours of 45,000. During the month of February 2017, Job A-1 incurred direct labor of 800 hours. Prepare the end of the month application General […]

 

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A Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $250,000 and direct labor hours of 25,000.

August 22, 2019 in /by

A Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $250,000 and direct labor hours of 25,000. During the month of February 2017, Job A-1 incurred direct labor of 800 hours . Prepare the end of the month […]

 

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