During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,500 on account, factory labor $6,400 of which $5,800 relates to factory wages payable and $600 relates to payroll taxes payable, and utilities payable $3,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,500 on account, factory labor $6,400 of which $5,800 relates to factory wages payable and $600 relates to payroll taxes payable, and utilities payable $3,100. Prepare separate journal entries for each type of manufacturing cost. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Description: During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,500 on account, factory labor $6,400 ofwhich $5,800 relates to factory wages payable and $600 relates to payroll taxes paya

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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