Job Costing Journal Entries

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

(a) Purchased raw materials on credit, $189,000.

(b) Raw materials requisitioned: $62,000 direct and $40,000 indirect.

(c) Factory payroll accrued $156,000, including $75,500 indirect labor, remainder was direct labor.

(d) Paid other actual overhead costs totaling $42,500 with cash.

(e) Applied overhead totaling $69,500.

(f) Finished and transferred jobs totaling $177,500.

(g) Jobs costing $95,200 were sold on credit for $275,000.