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The following transactions were incurred by Dimasi Industries during January 2010: 1. Issued $800,000 of direct material to production 2. Paid 40,000 hours of direct labor at $18 per hour 3. Accrued 15,500 hours of indirect labor cost at $15 per hour 4. Recorded $102,100 of depreciation on factory assets 5. Accrued $32,800 of supervisors' salaries 6. Issued $25,400 of indirect material to production 7. Completed goods costing $1,749,300 and transferred them to finished goods. A. Prepare journal entries for these transactions using a single overhead account for both variable and fixed overhead. The Raw Material Inventory account contains only direct material; indirect material costs are recorded in Supplies Inventory. B. If Work in Process Inventory had a beginning balance of $18,900 and an ending balance of $59,600, what amount of manufacturing overhead was included in Work in Process Inventory during January 2010?
presented below is information related to michelle company. retained earnings december 31 2010 2750000 sales 2000000
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