Business, 18.02.2020 00:01 kashusledbetter

Concord Corporation incurred the following transactions.

(1) Purchased raw materials on account $55,500.
(2) Raw Materials of $43,700 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,600 was classified as indirect materials.
(3) Factory labor costs incurred were $65,600.
(4) Time tickets indicated that $55,400 was direct labor and $10,200 was indirect labor.
(5) Manufacturing overhead costs incurred on account were $83,700.
(6) Manufacturing overhead was applied at the rate of 150% of direct labor cost.
(7) Goods costing $89,100 were completed and transferred to finished goods.
(8) Finished goods costing $84,300 to manufacture were sold.

Prepare the journal entries.

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Concord Corporation incurred the following transactions.

(1) Purchased raw materials on...

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