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Choose the journal entry   4. Record the cost of goods manufactured   Dr Factory overhead; Cr Finished goods inventory Dr Work In process Inventory; Cr Finished goods Inventory Dr Finished goods inventory; Cr Work In process Inventory Dr Materials Inventory; Cr Work In process Inventory\   5. Record the purchased Indirect Materials on account   Dr Factory overhead inventory; Cr Accounts payable Dr Materials inventory; Cr Accounts payable Dr Factory overhead inventory; Cr Cash Dr Materials inventory; Cr Cash

Choose the journal entry   4. Record the cost of goods manufactured   Dr Factory overhead; Cr Finished goods inventory Dr Work In process Inventory; Cr Finished goods Inventory Dr Finished goods inventory; Cr Work In process Inventory Dr Materials Inventory; Cr Work In process Inventory\   5. Record the purchased Indirect Materials on account   Dr Factory overhead inventory; Cr Accounts payable Dr Materials inventory; Cr Accounts payable Dr Factory overhead inventory; Cr Cash Dr Materials inventory; Cr Cash

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 15EA: A summary of material requisition slips and time tickets, along with the overhead allocation, show...
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Choose the journal entry
 
4. Record the cost of goods manufactured
 
Dr Factory overhead; Cr Finished goods inventory
Dr Work In process Inventory; Cr Finished goods Inventory
Dr Finished goods inventory; Cr Work In process Inventory
Dr Materials Inventory; Cr Work In process Inventory\
 
5. Record the purchased Indirect Materials on account
 
Dr Factory overhead inventory; Cr Accounts payable
Dr Materials inventory; Cr Accounts payable
Dr Factory overhead inventory; Cr Cash
Dr Materials inventory; Cr Cash
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