Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows.

Direct materials		3 pounds at $1.00 per pound		$3.00
Direct labor		1.10 hour at $10.00 per hour		11.00
Overhead		2 hours (variable $4.50 per machine hour; fixed $2.90 per machine hour)		14.80
Standard cost per unit				$28.80

Normal capacity for the month was 4,500 machine hours. During January, the following transactions applicable to Job No. 12 occurred.

1.		Purchased 6,400 pounds of raw materials on account at $1.05 per pound.
2.		Requisitioned 6,400 pounds of raw materials for Job No. 12.
3.		Incurred 2,280 hours of direct labor at a rate of $9.95 per hour.
4.		Worked 2,280 hours of direct labor on Job No. 12.
5.		Incurred manufacturing overhead on account $30,930.
6.		Applied overhead to Job No. 12 on basis of standard machine hours allowed.
7.		Completed Job No. 12.
8.		Billed customer for Job No. 12 at a selling price of $170,000.

No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. (To record sales.) (To record cost of goods sold.) biome_case_s