Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-04 Understand the flow of costs in a job-order costing system and prepare appropriate journal entries to record costs. Learning Objective: 02-06 Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. Topic: Job-Order Costing—The Flow of Costs Topic: Schedules of Cost of Goods Manufactured and Cost of Goods Sold 127. During June, Catlin Corporation purchased $76,000 of raw materials on credit to add to its raw materials inventory. A of $81,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $5,000 of indirect materials. Required: Prepare journal entries to record the purchase of materials and their use in production. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-04 Understand the flow of costs in a job-order costing system and prepare appropriate journal entries to record costs. Topic: Job-Order Costing—The Flow of Costs
Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-04 Understand the flow of costs in a job-order costing system and prepare appropriate journal entries to record costs. Learning Objective: 02-06 Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. Topic: Job-Order Costing—The Flow of Costs Topic: Schedules of Cost of Goods Manufactured and Cost of Goods Sold 127. During June, Catlin Corporation purchased $76,000 of raw materials on credit to add to its raw materials inventory. A of $81,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $5,000 of indirect materials. Required: Prepare journal entries to record the purchase of materials and their use in production. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-04 Understand the flow of costs in a job-order costing system and prepare appropriate journal entries to record costs. Topic: Job-Order Costing—The Flow of Costs
Test%20Bank%20for%20Introduction%20to%20Managerial%20Accounting%206th%20Edition%20Brewer,%20Garrison,%20Noreen.docx