Job Cost Journal Entries and T Accounts Summarized data for the first month's operations of Dobson Welding Foundry are presented below. A job order costing system is used. 1. Materials purchased on account, $58,000. 2. Amounts of materials requisitioned and foundry labor used: Job 1 2 3 4 5 6 Indirect materials Indirect labor Foundry Materials Labor $4,400 $2,600 7,000 5,000 3,200 2,400 12,000 4,600 4,800 2,800 1,400 1,200 6,200 3,400 3. Foundry overhead is applied at the rate of 200% of direct labor costs. 4. Miscellaneous foundry overhead incurred: Prepaid foundry insurance written off Property taxes on foundry building accrued Foundry utilities payable accrued Depreciation on foundry equipment Other costs incurred on account $1,480 2,360 5,280 7,440 10,320 5. Ending work-in-process consisted of Jobs 4 and 6. 6. Jobs 1 and 3 and one-half of Job 2 were sold on account for $20,000, $17,400, and $14,400 Required: a. Prepare general journal entries to record the summarized transactions for the month, and post appropriate entring b. Post entries using the appropriate T-accounts provided and

job cost journat Entries and T Accounts Sumetarted data for the frast months operations of Dobron Welding Foundry are presented below. A job order costing system is used. 1. Nateruls purchased on acrount 558,000 2. Nhouns of materias requinitioned and foundry labor used: If Foundry owerhead is applied at the rate of 200w of direct labot costs. 4. Miscellaneous foundry overtiead incurred S. Indine work wh pretess consisted of jobs 4 and 6. Required