Question: Ramsey Company had the following transactions in October Purchased

Ramsey Company had the following transactions in October:
• Purchased raw materials on account, $ 50,000
• Used materials in production: $ 25,000 in the Mixing Department; $ 10,000 in the Packaging Department; $ 1,000 in indirect materials
• Incurred labor costs: $ 10,000 in the Mixing Department; $ 7,500 in the Packaging Department; $ 2,000 in indirect labor
• Incurred manufacturing overhead costs: $ 7,000 in machinery depreciation; paid $ 2,500 for rent and $ 1,750 for utilities
Prepare the journal entries for Ramsey Company.


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  • CreatedJanuary 16, 2015
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