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Home / Questions / Bella’s Bracelets uses a job order costing systemOn March 12017 Selena Gomez ordered a gol...

Bella’s Bracelets uses a job order costing systemOn March 12017 Selena Gomez ordered a gold bracelet Factory orders 20 ounces of gold from the warehouseThe gold

Bella’s Bracelets uses a job order costing systemOn March 1,2017 Selena Gomez ordered a gold bracelet:

3_1 Factory orders 20 ounces of gold from the warehouseThe gold cost $600 per ounce

3_2/3_8 The factory works on the bracelet Direct labor charged 30 hours at $70 per hour

Manufacturing overhead is charged to jobs based on direct labor hoursThe predetermined overhead rate is $30 per direct labor hours

3_9 The bracelet is completed and sent to the storeroom

3_10 The bracelet is delivered to Selena Gomez and she is billed $20,000

Required: Prepare the appropriate journal entries and post them to the ledger

Mar 23 2020 View more View Less

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