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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. Materlals purchased on account, $629,570. b. Materials requisitioned, $528,840, of which $68,750 was for general factory use. c. Factory labor used, $648,460, of which $123,210 was indirect. d. Other costs incurred on account for factory overhead, $151,100; selling expenses, $232,940; and administrative expenses, $138,510. e. Prepald expenses expired for factory overhead were $28,960; for selling expenses, $24,550; and for administrative expenses, $17,630. f. Depreclation of factory equipment was $28,960; of office equipment, $42,810; and of office bullding, $84,360. g. Factory overhead costs appiled to jobs, $358,850. h. Jobs completed, $831,030. I. Cost of goods sold, $805,850. Required: Joumalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materlals purchased on account, $629,570. b. Materlals requisitioned, $528,840, of which $68,750 was for general factory use. c. Factory labor used, $648,460, of which $123,210 was indirect. 9. Factory overhead costs applled to jobs, $358,850
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