1. During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw...
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Accounting
1. During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $18,000 on account. (b) Incurred factory labor of $40,000. (c) Factory utilities of $3,100 are payable, prepaid factory property taxes of $2,700 have expired (take out of prepaid and into expense), and depreciation on the factory building is $9,500. Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturing overhead.)
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