AutoSave Of H U Unit 5 Journal Entry & JIT System Review (2) - Compatibility Mode - Word Sign in - 0 x Comments Share Find Sc Replace ms Dictate File Home Insert Design Layout References Mailings Review View Help X Cut Times New Rom v 10 A A Aav to v Ev E ALL AaBbCcl AaBb C AaBbCc AaBb AaBbCel AaBbCcl LE Copy Paste BI U ab x x APA- Emphasis SE Format Painter Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Heading 5 Clipboard Font Paragraph Styles EXERCISE/OTHER 1. Record in good journal entry format the following transactions for process costing: > On February 4, 2017, the Jackson Company purchased raw materials on account totaling $4,526. Editing Voice Post Ref. Date Account Title Debit Credit > On February 10, 2017, it was estimated that overhead for the cutting department would total $2,526. Direct labor hours totaled 510 hours. According to the time tickets that were submitted, 507 hours were required for the department. Post Ref. Date Account Title Debit Credit > On February 25, 2017, the Welding department requisitioned raw materials totaling $586. Post Ref. Date Account Title Debit Credit Page 1 of 3 310 words Focus 3 - L - + 100% Sign in Una lumal Entry & System Review (1) - Compatibility Mode Saved Layout References Mailings Review View Help For 10 AAAA ** AD-A- L EE. A Emphasis Heading 1 Heading 2 T Heading 3 T Heading 4 T Heading 5 Paragraph > On March 2, 2017, units totaling $1,095 were transferred from the Welding Department to the Painting Department Account Title Ref. Debit Credit On March 18, 2017, units totaling $874 were completed and ready to be sold Post Account Title Date Ret. Debit Credit > On March 20, 2017, the following costs were actually incurred in for the Cutting Department: Wages of $1,854, Utilities of $395, and Indirect Materials of $295 Post Ret Debit Credit U skuma Entry & Stem Review (1) Compatibility Mede. Saved - Layout References Mailing Review Vier Help 7-10 AA A A ** A-D-A- EEEE DE- 20 - Aalbcd AaBC Aa Bbce AaBb Aa Bbce dalbcd Emphasis Heading 1 T Heading 2 Heading 3 THeading 4 Heading 5 Paragraph > On March 21, 2017, the Cutting Department closed out FOH. FOH Debit > On April 4, 2017, the Jackson Company sold 59 units on account for $21.99 per unit. The total broduction cost for the units sold was 5819.65. ERYTUP Unit 5 Journal Entry & JIT System Review (1) - Compatibility Mode - Saved. Review View Help Layout References Mailings 10 A A A A x * A-D-A- E EE211 . - - Emphasis Heading 1 THeading 2 T Heading 3 T Heading 4 T Heading - Paragraph Styles > On April 4, 2017, the Jackson Company sold 59 units on account for $21.99 per unit. The total production cost for the units sold was $819.65. Post Date Account Title Ref. Debit Credit Account Title Ref. Debit Credit On June 1, 2017, the CFO recommended implementing the JIT system. Identify at least 3 advantages and 3 disadvantages of implementing the JIT system uners should be in you ETRY TUNANG Aalbtel AaBDU A Emphasis Heading 1 U Heading 2 DI Heading 3 Heading 4 Paragraph > Identify at least 3 companies that currently use the Just-in-Time System