Question

Portland Manufacturing Co. obtained the following information from its records for July:


Required:
1. Prepare, in summary form, the journal entries that would have been made during the month to record the distribution of materials, labor, and overhead costs; the completion of the jobs; and the sale of the jobs.
2. Prepare schedules showing the gross profit or loss for July for the following:
a. The business as a whole.
b. Each job completed and sold.
c. Each unit manufactured and sold. (Round to the nearestcent.)


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  • CreatedMay 05, 2014
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