The following journal entries are recorded in Kiesha Co.s process cost accounting system. Kiesha produces apparel and
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a. Raw Materials Inventory52,000 b. Goods in Process Inventory 42,000 C. Factory Payroli.. d. Goods in Process Inventory.. Accounts Payable. Raw Materials Inventory Cash. Factory Payroll Cash Raw Materials Inventory .. Factory Payroll.... 52,000 42,000 26,000 26,000 32,000 10,000 f. Factory Overhead .. .. 10.000 10,000 g. Factory Overhead.. 6,000 6,000 33,600 88,000 Goods in Process Inventory 88,000 Sales 250,000 Finished Goods Inventory 100,000
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a Purchased raw materials on credit at a cost of 52000 b Use...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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