ALT-MFG-POSTINGS Record entries in the accounts; Record costs in the job cost sheets; Trial Balance is automated. ASSETS ACCOUNTS RECEIVABLE LIAB ACCOUNTS PAYABLE OWNER'S EQUITY COST OF GOODS SOLD SALES RAW MATERIALS INV WAGES PAYABLE WORKIN PROCESS INV SALARIES PAYABLE FACTORY OVERHEAD Applied IM IL supv/sec depr 1 Smith Printing purchased $170,000 of raw materials on account 2 Materials used: Job 420-$33,240; Job 421-43,920; Job 422-$37,100; Job 423: $40,270. Indirect Materials used=54,470. (Total direct materials used=$154,530.) 3 Factory wages: Job 420-$18,000; Job 421-$25,000; Job 422-$15,000; Job 423-$25,000. Indirect Labor=$3,300. (Total direct labor = $84,000.) Credit Wages Payable. 4 Factory supervision salaries and factory security salaries were $39,500. Credit Salaries Payable. DM DL FO UTILITIES PAYABLE FINISHED GOODS INV DR Bal-underapplied CR Bal overapplied 5 Depreciation on the factory and machinery was $14,550. 6 Factory overhead is applied at the rate of 72% of direct labor cost. 7 Fill in the job cost sheets. 8 Jobs 420, Job 421 and Job 423 were completed and moved to Finished Goods. JOB 420** DM DL FO TOTAL ACCUM. DEPRECIATION 0 DEBIT CREDIT JOB 421 DM DL FO TOTAL 9 Job 420 was sold to a customer for $100,000 on account. WHEN YOU ARE DONE, CHANGE THE PAGE STATUS IN CELL T1 TO DONE! 0 ACCOUNTS RECEIVABLE RAW MATERIALS INV WORKIN PROCESS INV FINISHED GOODS INV ACCUM. DEPRECIATION FACTORY OVERHEAD ACCOUNTS PAYABLE WAGES PAYABLE SALARIES PAYABLE UTILITIES PAYABLE SALES COST OF GOODS SOLD JOB 422 DM DL FO TOTAL 0 0 0 JOB 423 DM DL FO TOTAL 0