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Data from operations 2019. Prepare a journal entry for each transaction: 1) Purchase of raw materials on account: $1,700 2) Material requisition to Job 1:
Data from operations 2019. Prepare a journal entry for each transaction:
1) Purchase of raw materials on account: $1,700 2) Material requisition to Job 1: $800 and to general use: $25 3) Labor used in Job 1: $400 and to indirect use: $35 4) Warehouse utilities incurred on account: $600 and repair supplies on account: $550 5) Adjusting entry for Warehouse depreciation: $300 6) Manufacturing overhead applies as percentage of direct labor: 110% 7) Job 1 transferred to finished goods 8) Job 1 sold: $1,100
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