a production center of Go Faster, a sport drink bottler. Work in process is 4,300 units (units equal to 12-bottle cases): er 11,700 6,190 applied 8,120 26,010 st: 11,400 34,000 42,300 applied 60,800 for cost incurred in August. Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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100%
osts
rect Materials
34,000
ect Labor
42,300
anufacturing Overhead applied 60,800
incurred in August:
cord the journal entries for cost incurred in August.
te
Description
Accounts Payable
Accounts Receivable
Cost of Goods Sold
Direct Materials
Fees Earned
Finished Goods Inventory
Manufacturing Overhead
Sales Revenue
Wages Payable
Work-in-Process
◆
î
◆
î
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Debit
Credit
Transcribed Image Text:osts rect Materials 34,000 ect Labor 42,300 anufacturing Overhead applied 60,800 incurred in August: cord the journal entries for cost incurred in August. te Description Accounts Payable Accounts Receivable Cost of Goods Sold Direct Materials Fees Earned Finished Goods Inventory Manufacturing Overhead Sales Revenue Wages Payable Work-in-Process ◆ î ◆ î <> Debit Credit
The following data refer to a production center of Go Faster, a sport drink bottler. Work in process
inventory, August 1, 20XX is 4,300 units (units equal to 12-bottle cases):
Go Faster
Direct Materials
Direct Labor
11,700
6,190
Manufacturing Overhead applied 8,120
26,010
Units started in August
Costs incurred in August:
Direct Materials
Direct Labor
34,000
42,300
Manufacturing Overhead applied 60,800
Date
11,400
Record the journal entries for cost incurred in August.
Description
Debit
Credit
Transcribed Image Text:The following data refer to a production center of Go Faster, a sport drink bottler. Work in process inventory, August 1, 20XX is 4,300 units (units equal to 12-bottle cases): Go Faster Direct Materials Direct Labor 11,700 6,190 Manufacturing Overhead applied 8,120 26,010 Units started in August Costs incurred in August: Direct Materials Direct Labor 34,000 42,300 Manufacturing Overhead applied 60,800 Date 11,400 Record the journal entries for cost incurred in August. Description Debit Credit
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