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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 45
Entries for materials
Eclectic Ergonomics Company manufacturers designer furniture. Eclectic Ergonomics uses a job order cost system. Balances on April 1 from the materials ledger are as follows:
The materials purchased during April are summarized from the receiving reports as follows:
Materials were requisitioned to individual jobs as follows:
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
a. Journalize the entry to record the purchase of materials in April.
b. Journalize the entry to record the requisition of materials in April.
c. Determine the April 30 balances that would be shown in the materials ledger accounts.
Eclectic Ergonomics Company manufacturers designer furniture. Eclectic Ergonomics uses a job order cost system. Balances on April 1 from the materials ledger are as follows:
The materials purchased during April are summarized from the receiving reports as follows:
Materials were requisitioned to individual jobs as follows:
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
a. Journalize the entry to record the purchase of materials in April.
b. Journalize the entry to record the requisition of materials in April.
c. Determine the April 30 balances that would be shown in the materials ledger accounts.
Explanation
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a.The material purchases can be done on ...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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