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Question
National Survey Company uses a job order cost system.
a. Indicate the source of the data for debiting Work in Process for each of the following:
(1) Direct materials requisitioned
(2) Direct labor used
b. Indicate the source of the data for crediting Work in Process for jobs completed.
c. Present a list of the three controlling accounts used in the general ledger to record the inventories and, in each case, indicate the related subsidiary ledger.
Answer
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