2-2 Algo) Preparing Journal Entries LO 2-sy Onk Creek Furniture Factory (OCFF. a custom fumiture manufacturer, uses job order costing to track the cast of each customer order. On March 1 OCFF had two jobs in process with the following costs Work in Process Job 33 Job 34 Balance on 3/1 $ 5,600 4,50 $10, 100 Source documents revealed the following during Marche Materials Labor Requisitions Time Status of Job Forms Tickets at Month-End Job 33 $3,80e $ 5,900 Completed and sold Job 34 3,9ea 4,498 Completed, but not sold Job 35 4.800 2,282 In process Indirect 1,300 1,500 $ 13,800 $14,000 The company applies overhead to products at a rate of 55 percent of direct labor cost Required: Prepare journal entries to record the materials requisitions, labor costs and applied overhead (if no entry is required for a transaction/event, select "No joumal Entry Required in the first account field.) View transaction fist Journal entry worksheet 2 -3 > Record the issuance of raw materials to production. Notes Enter debits before credits. renaction General Journal Debit ICredit Record entry View general Journal Clearany B2(go) Preparing Jound Entries LO 2-511 Olk Creek Furniture Factory (OCPF, custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCPF had two jobs in process with the following costs Work in Process Job 33 Job 34 Balance on 3/1 $ 5,60 4,540 $18, 100 Source documents revealed the following during Marche Materials Labor Requisitions Time Status of job Fors Tickets at Month-End Job 33 $ 3,808 $ 5,900 Completed and sold Job 34 3,900 4,480 Completed, but not sold Job 35 4,800 2,288 In process Indirect 1,300 1,500 $ 13,800 $14,000 The company apples overhead to products ata rate of 55 percent of direct labor cost Required: Prepare journal entries to record the materials requisitions, labor costs and applied overhead if no entry is required for a transactiontevent, select "Ne Journal Entry Required in the first account field.) View transaction list Journal entry worksheet