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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, $703,660. b. Materials requisitioned, $591,070, of which $76,840 was for general factory use. c. Factory labor used, $724,770, of which $137,710 was indirect. d. Other costs incurred on account for factory overhead, $168,880; selling expenses, $260,350; and administrative expenses, $154,810. e. Prepaid expenses expired for factory overhead were $32,370; for selling expenses, $27,440; and for administrative expenses, $19,700. f. Depreciation of factory equipment was $32,370; of office equipment, $47,850; and of office building, $94,290. g. Factory overhead costs applied to jobs, $401,090. h. Jobs completed, $928,830. i. Cost of goods sold, $900,680. c. Factory labor used, $724,770, of which $137,710 was indirect. g. Factory overhead costs applied to jobs, $401,090. h. Jobs completed, $928,830. i. Cost of goods sold, $900,680
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