Blossom Corporation Incurred The Following Transactions Purchased Raw Materials On Account 57 500 Raw Materials Of 4 1 (28.7 KiB) Viewed 12 times
Blossom Corporation Incurred The Following Transactions Purchased Raw Materials On Account 57 500 Raw Materials Of 4 2 (26.72 KiB) Viewed 12 times
Blossom Corporation Incurred The Following Transactions Purchased Raw Materials On Account 57 500 Raw Materials Of 4 3 (26.64 KiB) Viewed 12 times
Blossom Corporation incurred the following transactions. Purchased raw materials on account $57,500. Raw Materials of $44,640 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $8,520 was classified as indirect materials. Factory labor costs incurred were $74,320. Time tickets indicated that $66,960 was direct labor and $7,360 was indirect labor. Manufacturing overhead costs incurred on account were $99,820. 6. Depreciation on the company's office building was $10,000. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing $109,120 were completed and transferred to finished goods. Finished goods costing $93,000 to manufacture were sold on account for $127,720. 1. 2. 3. 4. 5. 7, 8. 9.
No. Account Titles and Explanation 3 (1) (2) (3) (4) (5) I Debit 1000 Credit 1000
(6) (7) Ⓡ (9) (To record the sale) (To record the cost of the sale) Save for Later 171 Attempts: 0 of 1 used Submit Answer
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