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In January, Sheridan Company requisitions raw materials for production as follows: Job 1 $1,060, Job 2 $1,300, Job 3 $730, and general factory use $650.
In January, Sheridan Company requisitions raw materials for production as follows: Job 1 $1,060, Job 2 $1,300, Job 3 $730, and general factory use $650. During January, time tickets show that the factory labor of $6,840 was used as follows: Job 1 $2,440, Job 2 $1,790, Job 3 $1,630, and general factory use $980. Prepare the job cost sheets for each of the three jobs. Date 1/31 Date 1/31 Date 1/31 Direct Materials Job 1 222.98 Direct Materials Job 2 273.46 Direct Materials Job 3 153.56 Direct Labor 2,848.05 Direct Labor 2089.35 Direct Labor 1,902.60
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