final exam...TP - final exam 1. | The Allen...

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View Full Document Right Arrow Icon final exam 1. | The Allen Company uses a job-order costing system. The following activity took place during the month of March: | Required: Prepare journal entries to record the information above. Key your entries by the letters a through i. Assume all purchases are made on account. | 2. | Hirpara Inc. has provided the following data for July: Required: | Required: Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. | 3. | Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below: Brick manufacturer Contract printer that produces posters, books, and pamphlets to order Natural gas production company Dairy farm Coal mining company Specialty coffee roaster (roasts small batches of specialty coffee beans) Required: For each company, indicate whether the company is most likely to use
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This note was uploaded on 03/26/2012 for the course AC505 AC505 taught by Professor Dillan during the Spring '10 term at Keller Graduate School of Management.

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final exam...TP - final exam 1. | The Allen...

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