the book I use for study: Horngren's Cost Accounting: A Managerial Emphasis, 16th edition, Global Edition. Chapter for questions: Spoiled, Rework and Scrap Uniform Corporation is a convection business that accepts orders to provide office uniforms. Below are some transactions related to scrap, spoilage and rework that occurred in the company. Prepare journal entries related to events that occur in the company: a. 2 pieces of uniform ordered by Poli Corporation were damaged due to negligence by the ironing staff and could not be repaired. This is an abnormal loss for the company. The cost of the 2 uniforms is $ 600,000 b. 5 pieces of ABC company uniforms had to be reworked due to size problems. The cost of this repair was $ 450,000. c. The patchwork left over from the production of Lucky Company uniforms was successfully sold in cash for IDR 250,000 to Quilt craftsmen (bed covers made of patchwork).
the book I use for study:
Horngren's Cost Accounting: A Managerial Emphasis, 16th edition, Global Edition.
Chapter for questions: Spoiled, Rework and Scrap
Uniform Corporation is a convection business that accepts orders to provide office uniforms. Below are some transactions related to scrap, spoilage and rework that occurred in the company. Prepare
a. 2 pieces of uniform ordered by Poli Corporation were damaged due to negligence by the ironing staff and could not be repaired. This is an abnormal loss for the company. The cost of the 2 uniforms is $ 600,000
b. 5 pieces of ABC company uniforms had to be reworked due to size problems. The cost of this repair was $ 450,000.
c. The patchwork left over from the production of Lucky Company uniforms was successfully sold in cash for IDR 250,000 to Quilt craftsmen (bed covers made of patchwork).
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