days sales in inventory quizlet
Accrued 1 are earned in a period. Check all that apply Cash would be credited for 4000 Salaries expense would be debited for 3500 Salaries payable will be debited for 500.
2 2 Intro To Financial Statement Analysis Flashcards Quizlet
Use information on the six source documents to prepare journal entries to assign the following costs.
. Overhead costs to Work in Process Inventory. Direct materials costs to Work in Process Inventory. Direct labor costs to Work in Process Inventory.
Three days later on January 3 total salaries of 4000 including the 500 accrued at year end are paid. Demonstrate the required journal entry on January 3 by selecting from the choices below. The predetermined overhead rate is 200 of direct labor cost.
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