Assume the same facts as in Problem 20-33 except now there are only two trigger points: the
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REQUIRED
1. Prepare summary journal entries for August, including the disposition of under- or over allocated conversion costs. Assume no direct materials variances.
2. Post the entries in requirement 1 to T-accounts for Finished Goods Control, Conversion Costs Control, Conversion Costs Allocated, and Cost of Goods Sold.
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1 a Purchase of direct materials No entry b Incur conversion costs Conversion ...View the full answer
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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