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Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related
Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for a. Materials purchased on account, $496,340. b. Materials requisitioned, $416,930, of which $54,200 was for general factory use. c. Factory labor used, $511,230, of which $97,130 was indirect. d. Other costs incurred on account for factory overhead, $119,120; selling expenses, $183,650; and administrative expenses, $109,190. e. Prepaid expenses expired for factory overhead were $22,830; for selling expenses, $19,360; and for administrative expenses, $13,900. f. Depreciation of factory equipment was $22,830; of office equipment, $33,750; and of office building, $66,510. g. Factory overhead costs applied to jobs, $282,910. h. Jobs completed, $655,170. i. Cost of goods sold, $635,320. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. b. Materials requisitioned, $416,930, of which $54,200 was for general factory use. c. Factory labor used, $511,230, of which $97,130 was indirect. f. Depreciation of factory equipment was $22,830; of office equipment, $33,750; and of office building, $66, g. Factory overhead costs applied to jobs, $282,910. h. Jobs completed, $655,170. i. Cost of goods sold, $635,320
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