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Johnson Production Company Uses Just-In-Time Production and Accounting Methods

Question 138

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Johnson Production Company uses just-in-time production and accounting methods. On June 1, Johnson completed 400 units of product and moved the products to finished goods. Each unit included $8.00 of direct materials cost and $2.00 of conversion costs. Please provide the journal entry.
\begin{array} { | l | l | l | } \hline \quad\quad\quad\quad\quad\quad\quad\quad&\quad\quad &\quad\quad \\\hline & & \\\hline & & \\\hline\end{array}

Correct Answer:

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\[\begin{array} { | l | r | r | }
\hlin...

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