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Five material requisitions (MR) forms were received by the materials storeroom of the Saint Louis Foundry during the first week of 2011. MR 101 was for $250 of direct materials for job number 1501. MR1O2 was for $350 of direct materials for job number 1502. MR103 was for $100 of indirect materials issued to the factory floor. MR 104 was for $400 of direct materials issued to job number 1501. MR1 05 was for $500 of direct materials issued to job number 1503.
Required:
Prepare summary journal entries to record the issuance of these materials.
Journalize the entries to record the transactions and Selected stock transactions
FDMBM, BAM 2001 - Diverse Management Consultants clear financial analysis making appropriate use of techniques and theory from the FDMBM learning materials.
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Sanker Inc. has provided the following data for the month of August. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
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