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****B. is 3 entries total**** Entries for Costs in Job Order Costing Royal Technology Company uses job order costing. The following data summarize the operations
****B. is 3 entries total****
Entries for Costs in Job Order Costing Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $711,850. b. Materials requisitioned, $597,950, of which $77,730 was for general factory use. c. Factory labor used, $733,210, of which $139,310 was indirect. d. Other costs incurred on account for factory overhead, $170,840; selling expenses, $263,380; and administrative expenses, $156,61 e. Prepaid expenses expired for factory overhead were $32,750; for selling expenses, $27,760; and for administrative expenses, $19, f. Depreciation of factory equipment was $32,750; of office equipment, $48,410; and of office building, $95,390. g. Factory overhead costs applied to jobs, $405,750. h. Jobs completed, $939,640. i. Cost of goods sold, $911,170. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $711,850. b. Materials requisitioned, $597,950, of which $77,730 was for general factory use. c. Factory labor used, $733,210, of which $139,310 was indirect. d. Other costs incurred on account for factory overhead, $170,840; selling expenses, $263,380; and administrative expenses, $156 e. Prepaid expenses expired for factory overhead were $32,750; for selling expenses, $27,760; and for administrative expenses, $1 g. Factory overhead costs applied to jobs, $405,750. h. Jobs completed, $939,640. i. Cost of goods sold, $911,170Step by Step Solution
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