The Reardon Company manufactures novelty toys. In June, 600 of these toys were completed on Job...
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The Reardon Company manufactures novelty toys. In June, 600 of these toys were completed on Job Order No. 2525. On final inspection, 25 toys were rejected and transferred to the spoiled goods inventory to be sold at $3 each. Costs recorded on Job Order No. 2525 follow: Direct materials Direct labor Factory overhead Record the entries to first charge production costs for the period following conditions: a. b. $1,800 1,600 The loss due to spoiled work is spread over all jobs in the department. The loss due to spoiled work is charged to the specific job because it is a special order. 900 4,300 then record the loss due to spoiled work, under each he The Reardon Company manufactures novelty toys. In June, 600 of these toys were completed on Job Order No. 2525. On final inspection, 25 toys were rejected and transferred to the spoiled goods inventory to be sold at $3 each. Costs recorded on Job Order No. 2525 follow: Direct materials Direct labor Factory overhead Record the entries to first charge production costs for the period following conditions: a. b. $1,800 1,600 The loss due to spoiled work is spread over all jobs in the department. The loss due to spoiled work is charged to the specific job because it is a special order. 900 4,300 then record the loss due to spoiled work, under each he
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Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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