Unformatted text preview: production report). Then prepare basic journal entries to record the flow of materials, labour, and overhead from the production report (based on the debit and credit entries in the WIP account). 7. Repeat items 2-6 for the FIFO method . Demonstration/Assignment questions: Weighted Avg. Method: E4-4, E4-6, E4-10, E4-11, P4-15, P4-17, P4-20, P4-22, P4-23, P4-24, Case 4-27 (second dept.); FIFO Method: E4-12, E4-13, P4-16, P4-18, Case 4-28(? second dept.) Rev. 12/06...
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This note was uploaded on 03/03/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.
- Winter '12