Question: The following data in thousands summarize the factory operations of

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 underapplied or over-applied factory overhead.

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  • CreatedNovember 19, 2014
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