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20 pts Entertainment 720 Entertainment 720 uses a job order costing system. During the month of July, the following events occurred: (a) Purchased raw materials
20 pts Entertainment 720 Entertainment 720 uses a job order costing system. During the month of July, the following events occurred: (a) Purchased raw materials on credit, $32.000. (b) Raw materials requisitioned: $20.000 as direct materials and $10.500 Indirect materials. (c) Recorded the factory payroll totaling $37.000, which Includes $0.200 Indirect labor, to jobs and overhead. Make the necessary journal entries to record the above transactions and events. BI 2 Edit View Insert Format Tools Table 12pt- Paragraph A 7
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