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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) Amount [Select] > 2. Charged direct labor to job 32 -- $80,000 Debit (Select 1 Credit (Select] Amount Select] 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 Debit [Select) Credit (Select) [ Select) Amount 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) Amount [Select] > 2. Charged direct labor to job 32 -- $80,000 Debit (Select 1 Credit (Select] Amount Select] 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 Debit [Select) Credit (Select) [ Select) Amount
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