Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 09 Aug 2017 My Price 6.00

Smith & Kerns Co

Your best option with this discussion assignment is to create these journal entries in Excel, save and attach your file. Show all work. 1. Using a job order costing system give the entries to record the following transactions: Job Order transactions for Smith & Kerns Co. Journalize the following entries: a) Material purchased on account, $71,500. b) Materials requisitioned for use in production: direct materials, $42,700; indirect materials, $5,750. c) Manufacturing labor incurred on account, $39,500. d) Manufacturing labor allocation: 75% direct labor; 25% indirect labor. e) Depreciation on factory equipment, $4,000. f) Prepaid expenses expired relating to manufacturing operations, $6,300. g) Other miscellaneous factory costs incurred on account, $21,000. h) Manufacturing overhead is allocated at 110% of direct labor cost. i) Cost of jobs completed is $94,000. j) Jobs sold to customers on account: cost of jobs, $77,000; sales price, $145,000.

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Maurice Tutor
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Status NEW Posted 09 Aug 2017 10:08 PM My Price 6.00

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