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Check my work 12 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order.
Check my work 12 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Balance 0.55 points on 3/1 Work in Process Job 33 Job 34 $ 5,900 4,400 $10,300 01:29:08 Source documents revealed the following during March: eBook GO Hint Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,000 $ 5,000 Completed and sold Job 34 3,600 3,500 Completed, but not sold Job 35 4,300 2,600 In process Indirect 600 2,400 $11,500 $ 13,500 Print The company applies overhead to products at a rate of 75 percent of direct labor cost. References Required: Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet
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