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Author Question: Here is some basic data for Callor Corporation:Beginning raw materials inventory$36,000 Beginning ... (Read 35 times)

karen

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on: Jan 4, 2020
Here is some basic data for Callor Corporation:

Beginning raw materials inventory$36,000 Beginning work in process inventory    64,000
Beginning finished goods inventory    54,000 Cost of materials purchased148,000
Cost of direct materials requisitioned    85,000 Direct labour incurred  135,000
Actual manufacturing overhead  162,000 Completed goods295,000
Cost of goods sold260,000 Manufacturing overhead rate
 (% of direct labour)  		125%


At Callor Corporation the entry to record the cost of goods sold would include a
◦ debit to cost of goods sold for $295,000.
◦ credit to finished goods inventory for $295,000.
◦ credit to finished goods inventory for $260,000.
◦ credit to cost of goods sold for $260,000.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by karen on Jan 4, 2020

jliusyl

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Reply #1 on: Jan 4, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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karen

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Reply 2 on: Jan 4, 2020
YES! Correct, THANKS for helping me on my review

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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