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ACCT 344 Week 1 Homework
1.1.Question:Able Corporation incurred the following costs………………. Calculate the following.a Direct materials usedb. Cost of goods manufactured
c. Cost of goods sold
d. Operating income
2. Question: Below is information from Job Card 506 for the Bearing Manufacturing Company…………….Required:
a. Prepare the journal entries to record the costs incurred for Job 506 in 2015 for direct materials, direct labor, and factory overhead.