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Cinelli Company Purchased 6,000 Units of Raw Material on Account

Question 179

Essay

Cinelli Company purchased 6,000 units of raw material on account for $11,700, when the standard cost was $12,000. Later in the month, Cinelli Company issued 5,600 units of raw materials for production, when the standard units were 5,800.
Instructions
Journalize the transactions for Cinelli Company to account for this activity.

Correct Answer:

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blured image *$2 = $12...

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