(e) Recognized direct labor of $4,000 and supervisor salaries of $1,000.
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(f) Overhead cost of $1,600 was applied to production based on a predetermined overhead rate of $8 per
direct labor hour x 200 direct labor hours.
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(g) Job 101 with a cost totaling $10,600 was completed and transferred to Finished Goods.
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(h) Finished Goods from Job 101 with a cost of $10,600 were sold on account for $31,800. (Hint: perpetual
system so 2 entries recorded.)
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