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Score: 43 out of 43 points (100%) 13. award: 2 out of 2.00 points Exercise 19-9 Journal entries for labor LO P2 The following information is available for Lock-Safe Company, which produces special-order security products and uses a job order cost accounting system. April 30 May 31 Inventories Raw materials $ 43,000 $ 46,000 Goods in process 10,300 18,500 Finished goods 65,000 36,400 Activities and information for May Raw materials purchases (paid with cash) 188,000 Factory payroll (paid with cash) 395,000 Factory overhead Indirect materials 11,000 Indirect labor 70,000 Other overhead costs 98,500 Sales (received in cash) 1,280,000 Predetermined overhead rate based on direct labor cost 65% 1. Factory payroll costs in cash. 2. Direct labor usage. 3. Indirect labor usage. Prepare journal entries for the above events for the month of May.
Worksheet Exercise 19-9 Journal entries for labor LO P2 Learning Objective: 19-P2 Describe and record the flow of labor costs in job order cost accounting.
Exercise 19-9 Journal entries for labor LO P2

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