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Author Question: Here is some basic data for Wharton Company:Cost of materials purchases on account$75,000Cost of ... (Read 62 times)

penguins

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on: Jan 4, 2020
Here is some basic data for Wharton Company:

Cost of materials purchases on account$75,000
Cost of materials requisitioned (includes $2,000 of indirect)43,000
Direct labour costs incurred75,000
Manufacturing overhead costs incurred, including indirect materials95,000
Cost of goods completed226,750
Cost of goods sold138,000
Beginning raw materials inventory   15,000
Beginning work in process inventory32,000
Beginning finished goods inventory31,000
Predetermined manufacturing overhead rate (as % of direct labour cost)125%


For Wharton Company the journal entry to record the cost of direct materials placed into production involves a
◦ debit to overhead for $41,000.
◦ debit to work in process inventory for $43,000.
◦ credit to manufacturing overhead for $2,000.
◦ debit to work in process inventory for $41,000.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by penguins on Jan 4, 2020

blakeserpa

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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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penguins

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Reply 2 on: Jan 4, 2020
Excellent

parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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