Refer to the information in E2-1 for Stone Creek Furniture Factory.

Required:

Prepare journal entries to record the materials requisitions, labor costs, and applied overhead.

Data from E2-1

Stone Creek Furniture Factory (SCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1. SCFF had two jobs in process with the following costs:

Source documents revealed the following during March:

The company applies overhead to products at a rate of 75 percent of direct labor cost.

Transcribed Image Text:

Work in Process Job 33 Job 34 Balance on 3/1 $5,000 4,000 $9,000