Chapter 16 PR 16-1B, PR 16-2B eBook Show Me How Calculator o 1. PR. 16-01B Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, 5770,000. b. Materials requisitioned, 5680,000, of which 575,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect. d. Other costs incurred on account for factory overhead, $245,000; selling expenses, s171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were s24,500; for selling expenses, $28,420; and for administrative expenses, $16,650. f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900. 9. Factory overhead costs applied to jobs, $568,500. h. Jobs completed, $1,500,000 i. Cost of goods sold, $1,375,000. Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Materials purchased on account, $770,000. | Entry Description Debit Credit Accounting numeric field b. Materials requisitioned, $680,000, of which S75,800 was for general factory use. Entry Description Debit Credit c. Factory labor used, $756,000, of which $182,000 was indirect. Check My Work Progress: 1/1 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading Chapter 16 PR 16-1B, PR 16-2B eBook Show Me How Calculator 1. PR. 16-01B c. Factory labor used, $756,000, of which $182,000 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. Entry Description Debit Credit e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660. Description Deblt Credit Entry f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900. Entry Description Debit Credit Check My Work Progress: 1/1 Items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading Chapter 16 PR 16-1B, PR 16-2B oBook Show Me How Calculator 1. PR. 16-01B f. Depreciation of factory equipment was 549,500; of office equipment, $61,800; and of office building, s14,900. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $568,500. Entry Description Debit Credit h. Jobs completed, $1,500,000 Entry Description Debit Credit I. Cost of goods sold, $1,375,000. Entry Description Debit Credit Check My Work Progress: 1/1 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading
