The following data (in thousands) summarize the factory operations of the Jonas Manufacturing Company for the year
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The following data (in thousands) summarize the factory operations of the Jonas Manufacturing Company for the year 20X1, its first year in business:
1. Prepare summary journal entries. Omit explanations. For purposes of this problem, combine the items in part d as “overhead incurred.”
2. Show the T-accounts for all inventories, Cost of Goods Sold, and Factory Department Overhead Control. Compute the ending balances of the inventories. Do not adjust for under applied or over-applied factory overhead.
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Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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