Prepare journal entries to record the following production activities. 1. Incurred total labor cost of $ 95,000,

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Prepare journal entries to record the following production activities.
1. Incurred total labor cost of $ 95,000, which is paid in cash.
2. Used $ 75,000 of direct labor in production.
3. Used $ 20,000 of indirect labor.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 29, 2013 05:38 AM

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Prepare journal entries to record the following production activities. 1. Incurred total labor cost of $ 95,000,

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1 Factory Payroll 95000 Cash 95000 Incurred direct la...View the full answer

Fundamental accounting principle

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