Taylor enterprises had the following transactions during October. There were no beginning inventory balances a. purchased $37,300
Question:
a. purchased $37,300 of direct materials on account
b. incurred direct labor costs, $29,250
c. applied $37,500 of overhead to production.
d. completed units costing $88450
e. sold units costing $76,130
Using back flush costing prepare the journal entries on journal paper
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a Raw and in process inventory 37300 Accounts payable 37300 b C...View the full answer
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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