Mfa cutting stitching goods sold gross profit prepare

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Mfa Cutting Stitching Goods Sold Gross Profit Prepare journal entries for the month of May's transactions. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 12 a. Record the purchase of materials (on credit). Note: Enter debits before credits. Account Title Debit Credit Date May 31
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Record entry Clear entry View general Journal Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 6,000 55,000 47,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1201 of direct labor used) Sales $256,000 Trial Balance Materials Cost of Cost of General General Raw Cost of Requirement Journal Goods Mfg Goods Mfg Goods Sold Gross Profit Ledger Cutting Stitching Verify the ending balance in raw materials inventory. Enter the amount of materials used as negative values. Beginning Raw Materials Inventory Materials available for use Ending raw material inventory < Trial Balance Cost of Goods Mfg Cutting > $ Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs 6,000 55,000 47,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1201 of direct labor used) Sales $256,000
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  • Fall '19
  • Supply chain management terms, actual costs, Goods Mfg Goods

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