Job Costing Journal Entries

Prepare journal entries to record the following transactions and events for April using a job order costing system.

(a) Purchased raw materials on credit, $69,000.

(b) Raw materials requisitioned: $26,000 direct and $5,400 indirect.

(c) Factory payroll accrued $46,000, including $9,500 indirect labor, remainder was direct labor.

(d) Paid other actual overhead costs totaling $14,500 with cash.

(e) Applied overhead totaling $28,200.

(f) Finished and transferred jobs totaling $77,500.

(g) Jobs costing $58,800 were sold on credit for $103,000.

Question 21 50 pts Job Costing Journal Entries Prepare journal entries to record the following transactions and events for April usinga job order costing system. (a) Purchased raw materials on credit, $69,000. (b) Raw materials requisitioned: $26,000 direct and $5,400 indirect. (c) Factory payroll accrued $46,000, including $9,500 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $14,500 with cash. e) Applied overhead totaling $28,200. (f)Finished and transferred jobs totaling $77,500. (g) Jobs costing $58,800 were sold on credit for $103,000. HTML Editor I A A B T T 12pt Paragraph