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6. Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased
6. Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on account, $176,000 b. Materials requisitioned: For production orders, $153,700 For general factory use, $2,700 c. Factory labor used: On production orders, $141,300 For general factory purposes, $12,000 d. Depreciation on factory equipment, $37,000 e. Factory overhead costs incurred on account, $76,000 f. Factory overhead applied, based on machine hours, $105,300 g. Jobs finished, $415,300
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