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 26 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
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 close manufacturing overhead would include a
◦ credit to work in process inventory for $31,500
◦ debit to manufacturing overhead for $31,500
◦ credit to manufacturing overhead for $31,500.
◦ debit to cost of goods sold for $31,500.
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 ec501234 on Jan 4, 2020

SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
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


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jan 4, 2020
Thanks for the timely response, appreciate it

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Pocket gophers and ecosystem structure (data from Huntly and Inouye 1988). Pocket gophers and ecosystem structure (data from Huntly and Inouye 1988).
Recognizing data clusters Recognizing data clusters
Selected Natural Products Selected Natural Products
Material Balance on Coolers in series Material Balance on Coolers in series
Histograms - Analysis and Data Histograms - Analysis and Data
Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data Ribosome structure and tRNA-binding sites interpreted from cryo-EM–generated data
Video: Exercise and cardiac output

For a complete list of videos, visit our video library