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Christopher's Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of 2018 follow: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $16,400 6 ,000 20,700 The following transactions occurred during January: (a) Purchased materials on account for $27,500. (b) Issued materials to production totaling $21,000, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect...
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Christopher’s Custom Cabinet Company uses a job order cost
system with overhead applied as a percentage of direct labor costs.
Inventory balances at the beginning of 2018 follow:
Raw Materials Inventory
$
16,300
Work in Process Inventory
5,100
Finished Goods Inventory
21,600
The following transactions occurred during January:
(a) Purchased materials on account for $27,800.
(b) Issued materials to production totaling $21,700, 90
percent of which was traced to specific jobs and the remainder of
which was treated as indirect...
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Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$75,400 in raw materials were purchased for cash.
$72,100 in raw materials were used in production. Of this
amount, $66,400 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $151,500 were incurred and paid. Of this
amount, $133,000 was for direct labor and the remainder was for
indirect...
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Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$76,300 in raw materials were purchased for cash.
$72,100 in raw materials were used in production. Of this
amount, $65,400 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $151,400 were incurred and paid. Of this
amount, $133,200 was for direct labor and the remainder was for
indirect...
-
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$75,700 in raw materials were purchased for cash.
$72,300 in raw materials were used in production. Of this
amount, $66,400 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $150,600 were incurred and paid. Of this
amount, $133,800 was for direct labor and the remainder was for
indirect...
-
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below. $76,000 in raw
materials were purchased for cash. $71,700 in raw materials were
used in production. Of this amount, $66,600 was for direct
materials and the remainder was for indirect materials. Total labor
wages of $151,300 were incurred and paid. Of this amount, $133,600
was for direct labor and the remainder was for indirect...
-
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$76,000 in raw materials were purchased for cash.
$71,600 in raw materials were used in production. Of this
amount, $65,800 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $150,100 were incurred and paid. Of this
amount, $133,400 was for direct labor and the remainder was for
indirect...
-
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$75,800 in raw materials were purchased for cash.
$72,200 in raw materials were used in production. Of this
amount, $65,200 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $153,000 were incurred and paid. Of this
amount, $134,900 was for direct labor and the remainder was for
indirect...
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Enterprises is a manufacturing company that had no beginning
inventories. A subset of the transactions that it recorded during a
recent month is shown below.
$76,600 in raw materials were purchased for cash.
$72,400 in raw materials were used in production. Of this
amount, $65,700 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $152,600 were incurred and paid. Of this
amount, $133,200 was for direct labor and the remainder was for
indirect labor....
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Exercise 3-2 (Algo) Prepare T-Accounts (LO3-2, LO3-4) Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $75,500 in raw materials were purchased for cash. b. $72,900 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $151,700 were incurred and paid. Of this amount, $133,500...
Christopher's Custom Cabinet Company uses a job order cost system with overhead applied as a percentage of direct labor costs. Inventory balances at the beginning of 2018 follow: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $16,400 6 ,000 20,700 The following transactions occurred during January: (a) Purchased materials on account for $27,500. (b) Issued materials to production totaling $21,000, 90 percent of which was traced to specific jobs and the remainder of which was treated as indirect...
Christopher’s Custom Cabinet Company uses a job order cost
system with overhead applied as a percentage of direct labor costs.
Inventory balances at the beginning of 2018 follow:
Raw Materials Inventory
$
16,300
Work in Process Inventory
5,100
Finished Goods Inventory
21,600
The following transactions occurred during January:
(a) Purchased materials on account for $27,800.
(b) Issued materials to production totaling $21,700, 90
percent of which was traced to specific jobs and the remainder of
which was treated as indirect...
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$75,400 in raw materials were purchased for cash.
$72,100 in raw materials were used in production. Of this
amount, $66,400 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $151,500 were incurred and paid. Of this
amount, $133,000 was for direct labor and the remainder was for
indirect...
Jurvin Enterprises is a manufacturing company that had no
beginning inventories. A subset of the transactions that it
recorded during a recent month is shown below.
$76,000 in raw materials were purchased for cash.
$71,600 in raw materials were used in production. Of this
amount, $65,800 was for direct materials and the remainder was for
indirect materials.
Total labor wages of $150,100 were incurred and paid. Of this
amount, $133,400 was for direct labor and the remainder was for
indirect...
Exercise 3-2 (Algo) Prepare T-Accounts (LO3-2, LO3-4) Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the transactions that it recorded during a recent month is shown below. a. $75,500 in raw materials were purchased for cash. b. $72,900 in raw materials were used in production. Of this amount, $66,200 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $151,700 were incurred and paid. Of this amount, $133,500...