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entries for cost and job order costing Entries for Costs in Job Droer Casting Royal Technology Company uses job order costing. The following data summarize
entries for cost and job order costing
Entries for Costs in Job Droer Casting Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $574,680. b. Materials requisitioned, $482,730, of which $62,750 was for general factory use. c. Factory labor used, $91,920, of which $112,460 was indirect. d. Other costs incurred on account for factory overhead, $137,920; selling expenses, $212,630; and administrotive expenses, $126,430. e. Prepaid expenses expired for factory overhead were $26,440; for selling expenses, $22,410; and for administrative expenses, $16,090. f. Depreciation of factory equipment was $26,440; of office equipment, $39,080; and of office building, $77,010. 9. Factory overhead costs applied to jobs, $327,570. h. Jobs completed, $758,580. I. Cost of goods sold, $735,590. Journalice the entries to record the summarized operations. If an amount box does not regure an entry, leave it blank: a. Materials burchased on accounti $574.6 b. Mateilals requisitioned, $482,730, of which $62,750 wats for qeneral factory use Factory labor used, 5591,920 , of which $112,460 was indirect. f. Depreciation of factory equipment was $26,440; of omfe equlpment, $19,080; and of office building, $77,010. g. Factory overhead costs spplied to jobs, $327,570. i. Cost of goods sold, 5735,590 Step by Step Solution
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