10 ACCT questions

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During the current month, Cullumber Company incurs the following manufacturing costs.

(a) Purchased raw materials of $15,200 on account.

(b) Incurred factory labor of $33,600.

(c) Factory utilities of $2,540 are payable, prepaid factory insurance of $2,260 have expired, and depreciation on the factory building is $8,000.

Prepare journal entries for each type of manufacturing cost. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Account Titles and Explanation Debit Credit

(a)

(Purchases of raw materials on account)

221 HW3 Ch 19 Ch 20

Question 9 of 10 - / 1

1/29/23, 5:30 PM NWP Assessment Player UI Application

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(b)

(To record factory labor costs)

(c)

(To record overhead costs)

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221 HW3 Ch 19 Ch 20

Question 9 of 10 - / 1