Solution-Prepare the end of month application general

Prepare the end of month application general journal entry

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Reference no: EM132520699

Question 1: Let's say Alaska Corporation purchased, on account, 6,600 pounds of raw materials at $7.50 per pound on January 2, 2019. The production manager requisitioned and received 2,350 pounds of raw material into production on January 15. How do I use this information to prepare the General Journal entries (without explanation) for January 2 and January 15? If no entry is required then write "No Entry Required."

Question 2: Also, let's say that Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $280,000 and direct labor hours of 25,000. During the month of February 2019, Job A incurred direct labor of 450 hours. How do use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job A for the month?

Reference no: EM132520699

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Prepare the end of month application general journal entry : Prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job A for the month?

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Prepare the end of month application general journal entry

Reference no: EM132520699

Reference no: EM132520699

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