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Mathematics, 16.11.2019 00:31 jaallen3679

Olson corporation constructs new homes. assume that olson uses a job costing system. during may of the current year, the following transactions occurred: olson purchased $4,500 of lumber on account. olson used $3,750 of lumber in production and incurred 50 hours of direct labor hours at $15 per hour. depreciation of $1,500 on equipment used to build new houses was recorded. a house that was completed last period at a cost of $150,000 was sold for $180,000 in cash the journal entry to record the requisition of lumber for olson would include a?

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