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Powderhouse,Inc

Question 111

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Powderhouse,Inc.has two processes-Coloring Department and Mixing Department.The company sold 2,000 gallons of paint for $220,000,of which $150,000 was sold on account.The total cost of processing was $385,000 for 5,500 gallons of paint.What are the journal entries to record a sale if the company follows a process costing system?

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verifed

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

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