Barnes Company uses a job order cost system. The following data summarize the operations related to production for October.
October 1 | Materials Purchased on account, $630,520 |
2 | Materials requisitioned, $669,000, of which $76,690 was for general factory use |
31 | Factory labor used, $644,620, of which $91,400 was indirect. |
31 | Other costs incurred on account for factory overhead, $147,440; selling expenses, $238,240; and administrative expenses, $150,800. |
31 | Prepaid expenses expired for factory overhead were $30,340; for selling expenses, $25,550; and for administrative expenses, $18,210. |
31 | Depreciation of office building was $85,350; of office equipment, $45,280; and of factory equipment, $32,530. |
31 | Factory overhead costs applied to jobs, $374,600. |
31 | Jobs completed, $996,810. |
31 | Cost of goods sold, $892,790. |
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Answer:
Barnes Company uses a job order cost system. The following data summarize the operations related to...
Barnes Company uses a job order cost system. The following data summarize the operations related to production for October: October 1 Materials purchased on account, $663,320. 2 Materials requisitioned, $618,780, of which $71,310 was for general factory use. 31 Factory labor used, $640,350, of which $88,200 was indirect. 31 Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440. 31 Prepaid expenses expired for factory overhead were $30,100; for selling expenses, $27,880; and for...
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