During the current month, a company that uses a job order cost accounting system purchases $25,000 in

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During the current month, a company that uses a job order cost accounting system purchases $25,000 in raw materials for cash. It then uses $6,000 of raw materials indirectly as factory supplies and uses $16,000 of raw materials as direct materials. Prepare entries to record these three transactions.

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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