Kaminski,Inc

question 97

Essay

Kaminski,Inc.has adopted a JIT management system and has the following transactions in December:
Dec 3 Purchased raw materials on account, $80,000
Dec 8 Incurred labor and overhead costs, $105,000. Wages were not paid.
Dec 15 Completed 750 units with standard costs of $106 for direct materials and $165 for conversion costs
Dec 23 Sold 650 units for $395 each on account. The company uses the perpetual inventory system. Record the journal entries for Kaminski,Inc.for December.Omit explanations.

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Definitions:

Injunction

A legal order by a court that compels an individual, organization, or entity to do or to refrain from doing a specific act.

Violence Occurs

Situations where physical force is used with the intention of harming someone, causing damage or imposing dominance.

Morally Reprehensible

Behavior that is considered ethically wrong and strongly disapproved by society.

Dismissal

The act of terminating an employee's position, often due to misconduct, inadequacy, or sometimes organizational restructuring.