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II. Present entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on

II. Present entries to record the following summarized operations related to production for a company using a job order cost system:

a. Materials purchased on account $166,500

b. Prepaid expenses incurred on account.. 7,500

c. Materials requisitioned:

For production orders. 156,500

For general factory use 8,800

d. Factory labor used:

on production orders. 140,000

for general factory purposes-janitorial indirect labor 10,000 e. Depreciation on factory equipment.. 36,000

f. Expiration of prepaid expenses, chargeable to FOH. 4,900

g. Factory overhead costs incurred on account. 51,600

h. Factory overhead applied, based on machine hours.. 98,560

i. Actual production jobs finished.. 404,000

j. Finished jobs shipped to customers: cost of goods sold, $346,000.

k. The sales on account for the year to the customers was $575,500

Prepare the Trial Balance from the above entries.

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