Record in general journal form the following transactions for Max Manufacturing:
Feb. 4 Raw materials of $15,000 were issued from the storeroom.
Feb. 7 Charged $25,000 of direct labor to production.
Feb. 10 Supplies costing $6,000 were issued from the storeroom.
Feb. 15 The following expenses were charged to overhead: depreciation $5,000,
rent $4,000, and electricity $1,500.
Feb. 20 Overhead was applied at 75% of direct labor dollars.
Feb. 21 Transferred completed goods costing $8,000 to finished goods.
Correct Answer:
Verified
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Q91: Given the following accounts:
-Charged the following costs
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-Transferred completed products to
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Q96: Given the following accounts:
-Issued supplies to production.
Debit
Q97: Work-in-Process is debited and Payroll is credited
Q98: Finished Goods Inventory is credited when products
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