Principles of Financial Accounting.
Principles of Financial Accounting.
22nd Edition
ISBN: 9780077632892
Author: John J. Wild
Publisher: McGraw Hill
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Chapter 19, Problem 17E

1.

To determine

Prepare the journal entries to record the following items:

  1. a. Direct materials used in the production.
  2. b. Direct labor used in the production.
  3. c. Overhead applied.
  4. d. The sale of Job 120.
  5. e. Cost of goods sold for Job 120.

2.

To determine

Compute the July 31 balances of the work in process inventory and the finished goods inventory.

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Cost Accounting - Definition, Purpose, Types, How it Works?; Author: WallStreetMojo;https://www.youtube.com/watch?v=AwrwUf8vYEY;License: Standard YouTube License, CC-BY