Journal Entries for Job Order Costing. The following job order cost detail pertains to the three jobs that were in process at the Equinaut Company during January. LO1 Job 66 Job 67 Job 68 Cost charged in prior period.

Costs added in January:

$40,000

$15,000

$ -

Direct materials.

35,000 45,000 55,000 Directlabor.

Factory overhead ($50 45,000 40,000 35,000 per machine hour).

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January machine hours used.

720 640 560 Required: Prepare the appropriate journal entry to record each of the following January transactions:

(1) Direct materials were issued from the materials storeroom to work in process.

(2) The payroll was distributed to work in process.

(3) Factory overhead was applied to production for the period.

(4) Job orders 66 and 67 were completed and transferred to the finished goods storeroom.