Business, 18.02.2021 21:20 loganferg5429
Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions:
a. Raw materials of $77,000 were purchased on account
b. Raw materials of $75,000 were used in production of this amount. $62,000 was for direct materials and the remainder was for Indirect materials
c. Total labor wages of $128,500 were paid in cash. Of this amount, $103,500 was for direct labor and the remainder was for indirect
d. Depreciation incurred on factory equipment was $196,000. 3:30 labor
Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers: 1
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Wilmington Company manufactures various machined parts to customer specifications. For the most rece...
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