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Horizon Company, a well-known manufacturer of high quality speed boats, provided the following information for the month of June 2019. Job # 6 Job #
Horizon Company, a well-known manufacturer of high quality speed boats, provided the following information for the month of June 2019.
| Job # 6 | Job # 7 | Job # 8 | |
| Direct Materials | $28,100 | $25,000 | $26,200 |
| Direct Labor | $22,700 | $21,700 | $23,000 |
| Allocated Manufacturing Overhead | $20,000 | $23,100 | $27,900 |
| Total | $70,800 | $69,800 | $77,100 |
The June sales report showed that Job # 6 and # 7 were sold for cash amounting to $109,600 and $110,000 respectively. Job # 8 is still unsold. Record the above sale. Assume that Horizon Company uses a perpetual inventory system. Do not enter dollar signs or commas in the input boxes.
| Date | Account Title and Explanation | Debit | Credit |
| Jun 30 | Answer | ||
| Answer | |||
| To record sales | |||
| Jun 30 | Answer | ||
| Answer | |||
| To recognize COGS | |||
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