This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Here is selected data for Jenquay Corporation:Cost of raw material purchased$87,000Cost of ... (Read 70 times)

WWatsford

  • Hero Member
  • *****
  • Posts: 539
    • Biology Forums!
on: Jan 4, 2020
Here is selected data for Jenquay Corporation:

Cost of raw material purchased$87,000
Cost of requisitioned direct materials    46,000
Cost of requisitioned indirect materials3,000
Direct labour89,000
Manufacturing overhead incurred    102,000
Cost of goods completed  248,900
Cost of goods sold163,000
Beginning raw materials inventory    19,000
Beginning work in process inventory43,000
Beginning finished goods inventory27,000
Manufacturing overhead allocation rate (based on direct labour)       150%


At Jenquay Corporation the journal entry to transfer completed goods to the finished goods inventory account would include a
◦ debit to finished goods inventory for $268,500.
◦ debit to work in process inventory for $248,900.
◦ credit to work in process inventory for $268,500.
◦ debit to finished goods for $248,900.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by WWatsford on Jan 4, 2020

Swizqar

  • Sr. Member
  • ****
  • Posts: 357
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.
Answer Preview
Only 55% of students answer this correctly


WWatsford

  • Member
  • Posts: 539
Reply 2 on: Jan 4, 2020
Great answer, keep it coming :)

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Selected Monoclonal Antibodies for Immunosuppression Selected Monoclonal Antibodies for Immunosuppression
Selected Drugs for Inflammatory Bowel Disease and Irritable Bowel Syndrome Selected Drugs for Inflammatory Bowel Disease and Irritable Bowel Syndrome
Selected Drugs for Helminth and Protozoan Infections Selected Drugs for Helminth and Protozoan Infections
The inverse-square law and its effects. Doubling your distance away from a radioactive material ... The inverse-square law and its effects. Doubling your distance away from a radioactive material ...
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
Video: Eczema

For a complete list of videos, visit our video library