Job Cost Journal Entries and T Accounts

Summarized data for the first month's operations of Slater Foundry are presented below. A job order costing system is used.

Materials purchased on account, $$158,400.$

Amounts of materials requisitioned and foundry labor used:

$\backslash$table$[[$Job$,$Materials,Foundry Labor$],[1,$$$8,280,$$$6,480$