Ch3 - 3-1a Job-order costingb Job-order costingc Process costingd Job-order costinge Process costingf Process costingg Job-order costingh Job-order

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Unformatted text preview: 3-1a. Job-order costingb. Job-order costingc. Process costingd. Job-order costinge. Process costingf. Process costingg. Job-order costingh. Job-order costingi. Job-order costingj. Job-order costingk. Process costingl. Process costing3-3$586,000 / 40,000hrs = $14.65/hr3-4Raw Materials… $86,000Accounts Payable… $86,000Work in Process… $72,000Manufacturing Overhead… $12,000Raw Materials… $84,000Work in Process…$105,000Manufacturing Overhead… $3,000Salaries and Wages Payable… $108,000Manufacturing Overhead… $197,000Various Accounts… $197,0003-6Over-applied by $2,000 [($5 * 10,000hrs) – 48,000)]Cost of Goods Manufactured:Direct materials:Raw materials inventory, beginning… $8,000Purchases of raw materials… $32,000Raw materials available for use… $40,000Raw materials inventory, ending… $7,000Raw materials used in production… $33,000Direct labor… $40,000Manufacturing overhead cost applied to work in process…$50,000Total manufacturing cost… $123,000Work in process, beginning… $6,000...
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This note was uploaded on 08/30/2011 for the course ACG 2071 taught by Professor Smith during the Spring '07 term at University of Central Florida.

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Ch3 - 3-1a Job-order costingb Job-order costingc Process costingd Job-order costinge Process costingf Process costingg Job-order costingh Job-order

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