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DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May: May 1 Materials purchased on
DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May: May 1 Materials purchased on account, $609,540. 2 Materials requisitioned, $658,830, of which $77,290 was for general factory use. 31 Factory labor used, $657,000, of which $87,070 was indirect. 31 31 31 Other costs incurred on account for factory overhead, $140,970, selling expenses, $241,550, and administrative expenses, $140,520. Prepaid expenses expired for factory overhead were $29,400; for selling expenses, $26,310, and for administrative expenses, $18,410 Depreciation of office building was $82,130, of office equipment, $44,590, and of factory equipment, $32,650. 31 Factory overhead costs applied to jobs, $361,270. 31 Jobs completed, $1,045,220. 31 Cost of goods sold, $890,070.
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