Oriole Company purchases $53,700 of direct raw materials and it incurs $61,600 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $32,900 of direct raw materials and $38,000 of direct factory labor, and (b) the Finishing Department used the remainder. Record the assignment of the costs to the processing departments using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Direct materials used Assign direct factory labor Raw Materials Inventory $ Manufacturing Costs Factory Labor 38000 $ Manufacturing Overhead

Oriole Company purchases $53,700 of direct raw materials and it incurs $61,600 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $32,900 of direct raw materials and $38,000 of direct factory labor, and (b) the Finishing Department used the remainder. Record the assignment of the costs to the processing departments using the following format. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Direct materials used Assign direct factory labor Raw Materials Inventory $ Manufacturing Costs Factory Labor 38000 $ Manufacturing Overhead

Name: Oriole Company purchases $53,700 of direct raw materials and it incur
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Description: Oriole Company purchases $53,700 of direct raw materials and it incurs $61,600 of direct factory labor costs. Supporting recordsshow that (a) the Assembly Department used $32,900 of direct raw materials and $38,000 of direct factory labor, and (b) t

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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