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Joanie Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries IN GOOD FORM to record the following
Joanie Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries IN GOOD FORM to record the following transactions during the month of June. A June 8 Raw materials requisitioned from the warehouse by the production department: Jobs 101, 102, and 103 $11,500 Indirect materials Total $12.000 500 June 25 C. June 25 Incurred $43,200 of factory labor. Workers will be paid next month. Assigned labor to jobs. Time tickets indicated the following: Jobs 101, 102, and 103. (2,600 hrs * $12 per hr) $31,200 Indirect labor. (1.000 hrs * $12 per hr) 12.000 Total $43,200 D. June 25 Applied manufacturing overhead to production based on a predetermined overhead rate of $9.50 per direct labor hour worked. E June 28 Goods costing $37,500 were completed in the factory and were transferred to finished goods. Use the template that you downloaded for question 46 to prepare your
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