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Elmita Tool and Dre makes mochine 100 s to otder. The folkwing transactions occurred in October: 1. issued $4,300 of supples from the materials inventory. 2. Furchased $49,500 of moteriohs 3 issued $45300 in direct materiats to the production department 4. Paid $45,300 for miscellaneous nems for the monutactiang plant Accounts Poyoble was credited 5. Phetianed $8,400 of the materials bsued to production in (3) to the materials inventory. 6. Direct labor employees carned $79,500,505 of which wos paid in cash and the remainder credited to Woges Payatile 7 Purchased $19,500 of materials on account 8. Pecognzed depreciation on manulactuming plant of $93,500 9. Paid for the materials purchased in transaction (2) 10 Applind manutacturing onerhead for the month Errira uses normat costang ft appliet ovenoed on the basis of motenals costs using an annual, predetermined rate At the beginning of the yoat, manogement estimated that materiels costs for the yoar would be $530.000 Fstimated overhead for the year wos 5213000 The following bolances oppeoted in the mventory accocunts of Elrira fool end Die for Octotier Hequired: Q. Prepare pournal entries ta fecond these trursanctions b. Prepare f accounts to show the flow of costs dieng the pensid tham Merevals invensory through Cont of Goods Sold

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