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Entries for Costs in Job Order Costing Royal Technology Company uses job order costing. The following data summarize the operations related to production for a.
Entries for Costs in Job Order Costing Royal Technology Company uses job order costing. The following data summarize the operations related to production for a. Materials purchased on account, $544,890. b. Materials requisitioned, $457,700, of which $59,500 was for general factory use. c. Factory labor used, $561,230, of which $106,630 was indirect. d. Other costs incurred on account for factory overhead, $130,770; selling expenses, $201,610; and administrative exper e. Prepald expenses expired for factory overhead were $25,060; for selling expenses, $21,250; and for administrative ex f. Depreciation of factory equipment was $25,060; of office equipment, $37,050; and of office bullding, $73,010. g. Factory overhead costs applied to jobs, $310,580. h. Jobs completed, $719,240. 1. Cost of goods sold, $697,450. 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, $544,880. b. Materials requisitioned, $457,700, of which $59,500 was for general factory use. C. Factory labor used, $561,230, of which $106,630 was indirect. 9. Factory overhead costs applied to jobs, 3310,580 . h. Jobs completed, $719,240
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