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, $$770,000.$

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

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

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

e$.$ Prepaid expenses expired for factory overhead were $$24,500$; for selling expenses, $$28,420$; and for administrat $$16,660.$ f$.$ Depreciation of factory equipment was $$49,500$; of office equipment, $$61,800$; and of office building, $$14,900.$

$9.$ Factory overhead costs applied to jobs, $$568,500.$

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

i$.$ 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$.$

$$

$$

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

Entry

Description

Debit