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 $$23,000$ 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.$