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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 an account, $634,560. b. Materials requisitioned, $533,030, of which $69,290 was for general factory use. c. Factory labor used, $653,600, of which $124,180 was indirect. d. Other costs incurred on account for factory overhead, 5152,290 ; selling expenses, $234,790; and administrative expenses, $139,600. e. Prepaid expenses expired for factory overhead were $29,190; for selling expenses, 524,750 ; and for administrative expenses, $17,770. f. Depreciation of factory equipment was $29,190; of office equipment, $43,150; and of office building, $85,030. 9. Factory overhead costs applied to jobs, $361,700. h. Jobs completed, $837,620. i. Cost of goods sold, $812,240. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. c. Factory labor used, $653,600, of which $124,180 was indirect. d. Other costs incurred on account for factory overhead, $152,290; selling expenses, $234,790; and administrativ e. Prepaid expenses expired for factory overhead were $29,190; for selling expenses, $24,750; and for administra f. Depreciation of factory equipment was $29,190; of office equipment, $43,150; and of office building, $85,030. 9. Factory overhead costs applied to jobs, $361,700
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