COST ACCOUNTING
INTRODUCTION TO COST ACCOUNTING
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Question
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The Blue Corporation manufactures denim blue jeans. Jo, the accountant, has received several invoices. Three of the invoices totaling $45, 990 are for items that will be used in the manufacturing process. Two additional invoices totaling $55, 885 are for items that will be repairing several pieces of manufacturing machinery. The terms of the invoices re 2/10, n30. What unit will Jo debit to the materials account?
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$45, 990
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$55, 885
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$101, 875
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$101, 875
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Explanation:
There is 1 question to complete.