National Survey Company uses a job order cost system.
(a) Indicate the source of the data for debiting Work in Process for each of the following:
(1) Direct materials requisitioned
(2) Direct labor used
(b) Indicate the source of the data for crediting Work in Process for jobs completed.
(c) Present a list of the three controlling accounts used in the general ledger to record the
inventories and, in each case, indicate the related subsidiary ledger.
Correct Answer:
Verified
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