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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 March:
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:
a Materials purchased on account, $
b Materials requisitioned, $ of which $ was for general factory use.
c Factory labor used, $ of which $ was indirect.
d Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $
e Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $
f Depreciation of factory equipment was $; of office equipment, $; and of office building, $
g Factory overhead costs applied to jobs, $
h Jobs completed, $
i Cost of goods sold, $
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, $
Entry
Description
Debit
Credit
a
b Materials requisitioned, $ of which $ was for general factory use.
Enitry
Description
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