Amal Manufacturing Corporation had the following transactions in January Purchased raw materials for $50,000 on account.
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Amal Manufacturing Corporation had the following transactions in January
• Purchased raw materials for $50,000 on account.
Prepare the journal entries for Amal Manufacturing Company.
Transcribed Image Text:
Raw materials requisitioned for production were: Direct materials Mixing department Finishing department Indirect materials Factory labor used: Mixing department Finishing department Indirect labor $ 20,000 14,000 5,000 $ 44,000 25,000 5,000 Incurred $50,000 of manufacturing overhead; $40,000 was paid and the remainder is unpaid.
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Horngrens Accounting The Managerial Chapters
ISBN: 9781292105871
11th Global Edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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