Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,300 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 1.90 hour at $10.00 per hour 19.00 Overhead 2 hours (variable $4.20 per machine hour; fixed $3.40 per machine hour) 15.20 Standard cost per unit $37.20

Normal capacity for the month was 4,070 machine hours. During January, the following transactions applicable to Job No. 12 occurred.

1. Purchased 4,030 pounds of raw materials on account at $1.05 per pound

. 2. Requisitioned 4,030 pounds of raw materials for Job No. 12.

3. Incurred 2,535 hours of direct labor at a rate of $9.95 per hour.

4. Worked 2,535 hours of direct labor on Job No. 12.

5. Incurred manufacturing overhead on account $21,340.

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 $104,000. Collapse question part

(a) Journalize the transactions. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.)