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.			186000.00				186000.00
b.		8700.00	fill in the blank 4	161500.00
c.		9000.00		139800.00				148800.00
d.		40000.00				fill in the blank 10
e.		fill in the blank 11		97650.00
f.				fill in the blank 13	406000.00
g.	580000.00				fill in the blank 16			186000.00

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)
	No Effect				Sales - 580000.00
					Cost of Goods Sold - 394000.00