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, $$770,000.$

Materials requisitioned, $$680,000,$ of which $$75,800$ was for general factory use.

Factory labor used, $$756,000,$ of which $$182,000$ was indirect.

Other costs incurred on account for factory overhead, $$245,000$; selling expenses, $$171,500$; and administrative expenses, $$110,600.$

Prepaid expenses expired for factory overhead were $$24,500$; for selling expenses, $$28,420$; and for administrative expenses, $$16,660.$

Depreciation of factory equipment was $$49,500$; of office equipment, $$61,800$; and of office building, $$14,900.$

Factory overhead costs applied to jobs, $$568,500.$

Jobs completed, $$1,500,000.$

Cost of goods sold, $$1,375,000.$

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, $$770,000.$

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, $$680,000,$ of which $$75,800$ 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, $$756,000,$ of which $$182,000$ 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, $$245,000$; selling expenses, $$171,500$; and administrative expenses, $$110,600.$

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 $$24,500$; for selling expenses, $$28,420$; and for administrative expenses, $$16,660.$

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 $$49,500$; of office equipment, $$61,800$; and of office building, $$14,900.$

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, $$568,500.$

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, $$1,500,000.$

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, $$1,375,000.$

Entry Description Debit Credit

i$.$

fill in the blank $74$

fill in the blank $75$

fill in the blank $77$

fill in the blank $78$