11 of 12 < > View Policies Current Attempt in Progress Carla Vista Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 Purchased raw materials for $23,600 on account. 8 Raw materials requisitioned by production: Direct materials $9,440 1,180 15 Indirect materials Paid factory utilities, $2,478 and repairs for factory equipment, $9,440. 25 Incurred $122,000 of factory labor. 25 Time tickets indicated the following: Direct Labor (7,000 hrs x $14 per hr) $98,000 Indirect Labor (3,000 hrs x $8 per hr) 24,000 25 $122,000 - / 20 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. 28 30 Goods costing $18,020 were completed in the factory and were transferred to finished goods inventory. Goods costing $15,020 were sold for $20,020 on account. Prepare journal entries to record the above transactions during the month of June. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit June 1 Raw Materials Inventory Accounts Payable 23600 9440 June 8 Work in Process Inventory June 15 June 25 Manufacturing Overhead Raw Materials Inventory (To record factory labor costs) June 28 Finished Goods Inventory Work in Process Inventory (To assign factory labor to jobs and overhead) 1180 Credit 23600 12036 June 30 (To assign factory labor to jobs and overhead) (To apply overhead to jobs) >