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BONUS: Journalize the entries for the following summarized operations related to production for a company using job order costing: a. Materials purchased on account
BONUS: Journalize the entries for the following summarized operations related to production for a company using job order costing: 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 d. Depreciation on factory equipment 12,000 37,000 e. Factory overhead costs incurred on account 77,000 Factory overhead applied, based on 55% of direct f. X labor g. Jobs finished 415,300 h. Jobs shipped to customers: Cost 412,000 Selling price (assume all sold on account) 638,000
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