Portside Watercraft uses a job costing system. During one month, Portside bought $153,000 of raw materials on
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Portside Watercraft uses a job costing system. During one month, Portside bought $153,000 of raw materials on credit; issued production materials for $164,000 of which $24,000 were indirect. Portside incurred a factory payroll of $95,000, paid in cash, of which $25,000 was indirect labor. Portside uses a default overhead rate of 170% of direct labor cost.
Record the journal entry to record the application of manufacturing overhead costs to production.
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