Krawl Company uses a job order cost system. The following data summarizes the operations related to production for June 20X1, the first month of operations. a. Materials purchased on account for $550,000 b.Materials requisitioned and factory labor used: Factory Labor $13,875 20,100 10,000 26,100 11,100 Job # Materials $13,800 16,500 9,600 27,300 12,900 101 102 103 104 105
Krawl Company uses a job order cost system. The following data summarizes the operations related to production for June 20X1, the first month of operations. a. Materials purchased on account for $550,000 b.Materials requisitioned and factory labor used: Factory Labor $13,875 20,100 10,000 26,100 11,100 Job # Materials $13,800 16,500 9,600 27,300 12,900 101 102 103 104 105
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 2PB: Entries and schedules for unfinished jobs and completed jobs Hildreth Company uses a job order cost...
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