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Journalize the entries to record the costs charged

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Problem - Krisco Company operates under the lean philosophy. As such, it has a production cell for its microwave ovens. The conversion cost for 2,400 hours of production is budgeted for the year at $4,800,000.

During January, 2,000 microwave ovens were started and completed. Each oven requires 6 minutes of cell processing time. The materials cost for each oven is $100.

Instructions - Use lean accounting to: Journalize the entries to record the costs charged to the production cell in January.

Reference no: EM132718011

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