Record the following journal entries in good form and


Record the following journal entries in good form and without abbreviations. Do not provide explanations beneath your journal entries.

a. Raw materials used in production total $35,000: $30,000 direct and $5,000 indirect

b. Salaries and wages costs incurred/accrued, but not yet paid, $115,000: Direct manufacturing labor cost, $60,000 Indirect manufacturing labor cost, $40,000 Sales salaries, $15,000

c. Depreciation on factory equipment, $38,000

d. Manufacturing overhead is applied at a predetermined rate of 200% of direct labor cost

e. Cost of goods manufactured for the month, $160,000

f. Goods costing $150,000 to produce were sold on credit for $225,000. Only record the goods leaving the company. Assume someone else will record the credit sale.

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Financial Accounting: Record the following journal entries in good form and
Reference No:- TGS01600522

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