Illustrate the effects on the accounts and financial statements of each of the following transactions for a company using a job order cost system:

(a)	Materials purchased on account	$186,000
(b)	Materials requisitioned:
		For production orders	161,500
		For general factory use	8,700
(c)	Factory labor used:
		On production orders	139,800
		For general factory purposes	9,000
(d)	Depreciation on factory equipment	40,000
(e)	Factory overhead applied, based on machine hours	97,650
(f)	Jobs finished	406,000
(g)	Jobs shipped to customers: cost, $394,000; selling price	580,000

Enter an increase in Accumulated Depreciation as a negative value. In all other cases, enter increases in accounts as positive values and decreases as negative values. If an answer cell does not require an entry, leave it blank.

	Assets =	Liabilities +	Stockholders' Equity
	Accounts Rec.	Factory Overhead	Materials Inventory	Work in Process	Finished Goods	Accumulated Depreciation	Accounts Payable	Wages Payable	Stockholders' Equity
a.			fill in the blank 1				fill in the blank 2
b.		fill in the blank 3	fill in the blank 4	fill in the blank 5
c.		fill in the blank 6		fill in the blank 7				fill in the blank 8
d.		fill in the blank 9				fill in the blank 10
e.		fill in the blank 11		fill in the blank 12
f.				fill in the blank 13	fill in the blank 14
g.	fill in the blank 15				fill in the blank 16				fill in the blank 17

Effect on Statement of Cash Flows		Effect on Income Statement
(Select "No Effect" if nothing will be reported)	(Select "No Effect" if nothing will be reported)
	Financing ActivitiesInvesting ActivitiesOperating ActivitiesNo EffectNo Effect	fill in the blank 19			No EffectDepreciation ExpenseSalesFactory OverheadWages and Salaries ExpenseSales	fill in the blank 21
					No EffectMaterials InventoryFactory OverheadWages and Salaries ExpenseCost of Goods SoldCost of Goods Sold	fill in the blank 23

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