Question
Job Order Costing Journal Entry Problem: Journal entry problem August 1 Purchased direct materials $1,912 and $482 in indirect materials on account 3 Requested direct
Job Order Costing Journal Entry Problem:
Journal entry problem | |
August | |
1 | Purchased direct materials $1,912 and $482 in indirect materials on account |
3 | Requested direct materials costing $ 1,880 and indirect materials of $96 for production |
8 | Issued checks for overhead costs $295 |
15 | Recorded the following wages direct labor, $ 1,640, indirect labor $760, manufacturing supervision. $240 and sales commissions $198 |
15 | Applied overhead at a rate of 85 percent of direct labor |
25 | Completed jobs with a cost of $3,880 |
31 | Shipped Job to customer, cost was $1,940 and sale price was $3,000. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started