1. what is the cost of good sold? 2. what is yhe journal entry to...
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Accounting
1. what is the cost of good sold? 2. what is yhe journal entry to record the completion of jobs 102 and 103? 3. what is the journal entry to record the sale of jobs 102 and 103 on account for $295000?
Chapters 56 Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year Activity Cost Driver number of setups number of parts Amount of driver $240,000 6,000 purchasing ther overhead 160,000 A 300,000 direct labor hours The following information about the jobs was given for April. 0.0 ob 101 Job 102 | Job 103 Job 104 54,00037,900 25,00011,000 1030 200 $64,900 30,500 Balance 4/1 direct materials 80,000 38,500 43,0 irect labor umber of setups umber of parts rect labor hours 30080 400 500 5,000-2,400 (3,200)| 1,200- By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process
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