ACCO 330 Study Guide - Final Guide: X.400
Document Summary
Illustration #3: xyz, inc. "s quality control department detects spoilage amounting to ,000 on job. It is estimated that the spoiled units can be sold for . It had to be reworked costing of direct materials, of direct labour and of factory overhead. Prepare the necessary journal entry: assuming that it is normal rework attributable to the specific job, assuming that it is normal rework common to all jobs, assuming that it is abnormal rework, xyz, inc. sells scrap for . Xyz, inc. has scrap with an estimated value of .