Entries for Costs in Job Order Costing

Royal Technology Company uses job order costing. The following data summarize the operations related to production for March:

Materials purchased on account, $$608,030.$

Materials requisitioned, $$510,750,$ of which $$66,400$ was for general factory use.

Factory labor used, $$626,270,$ of which $$118,990$ was indirect.

Other costs incurred on account for factory overhead, $$145,930$; selling expenses, $$224,970$; and administrative expenses, $$133,770.$

Prepaid expenses expired for factory overhead were $$27,970$; for selling expenses, $$23,710$; and for administrative expenses, $$17,020.$

Depreciation of factory equipment was $$27,970$; of office equipment, $$41,350$; and of office building, $$81,480.$

Factory overhead costs applied to jobs, $$346,580.$

Jobs completed, $$802,600.$

Cost of goods sold, $$778,280.$

Required:

Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

a$.$ Materials purchased on account, $$608,030.$

Entry Description Debit Credit

a$.$

fill in the blank $2$ fill in the blank $3$

fill in the blank $5$ fill in the blank $6$

b$.$ Materials requisitioned, $$510,750,$ of which $$66,400$ was for general factory use.

Entry Description Debit Credit

b$.$

fill in the blank $8$ fill in the blank $9$

fill in the blank $11$ fill in the blank $12$

fill in the blank $14$ fill in the blank $15$

c$.$ Factory labor used, $$626,270,$ of which $$118,990$ was indirect.

Entry Description Debit Credit

c$.$

fill in the blank $17$ fill in the blank $18$

fill in the blank $20$ fill in the blank $21$

fill in the blank $23$ fill in the blank $24$

d$.$ Other costs incurred on account for factory overhead, $$145,930$; selling expenses, $$224,970$; and administrative expenses, $$133,770.$

Entry Description Debit Credit

d$.$

fill in the blank $26$ fill in the blank $27$

fill in the blank $29$ fill in the blank $30$

fill in the blank $32$ fill in the blank $33$

fill in the blank $35$ fill in the blank $36$

e$.$ Prepaid expenses expired for factory overhead were $$27,970$; for selling expenses, $$23,710$; and for administrative expenses, $$17,020.$

Entry Description Debit Credit

e$.$

fill in the blank $38$ fill in the blank $39$

fill in the blank $41$ fill in the blank $42$

fill in the blank $44$ fill in the blank $45$

fill in the blank $47$ fill in the blank $48$

f$.$ Depreciation of factory equipment was $$27,970$; of office equipment, $$41,350$; and of office building, $$81,480.$

Entry Description Debit Credit

f$.$

fill in the blank $50$ fill in the blank $51$

fill in the blank $53$ fill in the blank $54$

fill in the blank $56$ fill in the blank $57$

fill in the blank $59$ fill in the blank $60$

g$.$ Factory overhead costs applied to jobs, $$346,580.$

Entry Description Debit Credit

g$.$

fill in the blank $62$ fill in the blank $63$

fill in the blank $65$ fill in the blank $66$

h$.$ Jobs completed, $$802,600.$

Entry Description Debit Credit

h$.$

fill in the blank $68$ fill in the blank $69$

fill in the blank $71$ fill in the blank $72$

i$.$ Cost of goods sold, $$778,280.$

Entry Description Debit Credit

i$.$

fill in the blank $74$ fill in the blank $75$

fill in the blank $77$ fill in the blank $78$