Job Costing Journal Entries Prepare journal entries to record the following transactions and events for June using a job order costing system. (a) Purchased raw materials on credit, $255,700. (b) Raw materials requisitioned: $36,000 direct and $15,400 indirect. (c) Total factory payroll accrued $53,000, including $15,500 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $15,000 with cash. (e) Applied overhead totaling $80,000. (f) Finished and transferred jobs totaling $88,500. (g) Jobs costing $86,250 were sold on credit for $155,000.

Job Costing Journal Entries Prepare journal entries to record the following transactions and events for June using a job order costing system. (a) Purchased raw materials on credit, $255,700. (b) Raw materials requisitioned: $36,000 direct and $15,400 indirect. (c) Total factory payroll accrued $53,000, including $15,500 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $15,000 with cash. (e) Applied overhead totaling $80,000. (f) Finished and transferred jobs totaling $88,500. (g) Jobs costing $86,250 were sold on credit for $155,000