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Gold Corp uses a Job Order Cost System in their manufacturing process. Prepare the appropriate journal entries for the below transactions from the drop down
Gold Corp uses a Job Order Cost System in their manufacturing process. Prepare the appropriate journal entries for the below transactions from the drop down choices. 1. Charged direct materials to job 32 -- $55,000 Debit (Select] Credit [Select] v > Amount [ Select > 2. Charged direct labor to job 32 -- $80,000 [ Select) Credit Debit [ Select) > Amount [ Select) > a 3. Incurred manufacturing overhead on account -- $65,000 Debit [ Select) Credit (Select) Amount (Select ] 4. Charged overhead to job 32 at 150% of direct labor cost Debit [ Select] Credit (Select) > Amount [Select] 5. Recorded completion of job 32 [ Select] Debit Amount [ Select]
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