Pharoah Printing Corp. uses a job order cost system. The following data summarize the operations...
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Pharoah Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $215,040, and factory wages incurred $98,480. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account $55,440. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $16,280. Pharoah Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. Materials purchased on account $215,040, and factory wages incurred $98,480. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account $55,440. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $16,280
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