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a . Materials purchased on account, $ 3 1 , 2 5 0 . b . Materials requisitioned and factory labor used: table [
a Materials purchased on account, $
b Materials requisitioned and factory labor used:
tableJobMaterials,Factory L
Ottoson Fencing Inc. uses job order costing. The following data summarize the operations related to production for December, the first month of operations:
a Materials purchased on account, $
b Materials requisitioned and factory labor used:
tableJobMaterials,Factory Labor$$abor$$
a Materials purchased on account, $
b Materials requisitioned and factory
labor used:
tableJobMaterials,Fa
ctory Labor$$
F Jobs completed and
g jobs were shipped and customers wete billed as follows job$ job $ hob $
required
entries to record the summarized operation record each times items a through F as an individual entry on December record item G as two entries.
Post the appropriate entries to T accounts for work and process and finish goods using that identifying letters as transaction codes. Insert memo account balance as of the end of the month.
prepare is schedule of unfinished jobs to support the balance in the work process account.
Prepare a schedule of completed jobs on hand, support the balance in the finished goods account.
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