Gerken Fabrication Inc. uses the job order cost system of accounting. The following information was taken from

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Gerken Fabrication Inc. uses the job order cost system of accounting. The following information was taken from the company€™s books after all posting had been completed at the end of March:
Gerken Fabrication Inc. uses the job order cost system of

a. Compute the total production cost of each job.
b. Prepare the journal entries to charge the costs of materials, labor, and factory overhead to Work in Process.
c. Prepare the journal entry to transfer the cost of jobs completed to Finished Goods.
d. Compute the unit cost of each job.
e. Compute the selling price per unit for each job, assuming a mark-on percentage of 50%.

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Related Book For  book-img-for-question

Principles of Cost Accounting

ISBN: 978-1305087408

17th edition

Authors: Edward J. Vanderbeck, Maria Mitchell

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