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During the current month, Swifty Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on account. (b) Incurred factory labor of
During the current month, Swifty Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on account. (b) Incurred factory labor of $38,600. (c) Factory utilities of $3,200 are payable, prepaid factory property taxes of $3,000 have expired, and depreciation on the factory building is $9,200. Record the company's manufacturing costs in its job order costing system. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead $ $ $ Purchased raw materials Incurred factory labor Factory utilities Factory property taxes Factory depreciation Balance $ $ $
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