19th Edition

ISBN: 9781947172609

Author: OpenStax

Publisher: OpenStax College

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Textbook Question

Chapter 4, Problem 13PA

The following events occurred during March for Ajax Company. Prepare a journal entry for each transaction.

Materials were purchased on account for $35,429.
Materials were requisitioned to begin work on Job C1S In the amount of $25,259.
Direct labor expense for Job C15 was $24,129.
Actual overhead was incurred on account of $32,852.
Factory overhead was charged to Job C15 at the rate of 200% of direct labor.
Job C15 was transferred to finished goods at $97,646.
Job C15 was sold on account for $401,000.

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Chapter 4, Problem 12PA

Chapter 4, Problem 14PA

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