Refer to Exercise 5.14. Cairles selling and administrative expenses for August were $1,200. In Exercise 5.14 On

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Refer to Exercise 5.14. Cairle€™s selling and administrative expenses for August were $1,200.
In Exercise 5.14
On August 1, Cairle Company€™s work-in-process inventory consisted of three jobs with the following costs:

During August, four more jobs were started. Information on costs added to the seven jobs during the month is as follows:

Required:
Prepare an income statement for Cairle Company for August.

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Cornerstones of Cost Management

ISBN: 978-1285751788

3rd edition

Authors: Don R. Hansen, Maryanne M. Mowen

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Question Posted: Sep 01, 2015 04:01 AM

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Refer to Exercise 5.14. Cairles selling and administrative expenses for August were $1,200. In Exercise 5.14 On

Question:

Job 70 $1,600 1,900 1,425 Job 71 Job 72 Direct materials Direct labor Applied overhead $%2,000 1,300 975 $850 900 675 ЈоЬ 70 ЈоЬ 71 ЈоЬ 72 ЈоЬ 73 ЈоЬ 74 ЈоЬ 75 ЈоЬ 76 Direct materials S 800 $1,235 3,550 $5,000 $300 $560 S80 1,000 1,400 2,200 1,800 600 Direct labor 860 172

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Cornerstones of Cost Management

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