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Jorgensen Corporation uses standard costs with its job order cost accounting system In January, an order (Job No. 12) for 1000 units of Product B

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Jorgensen Corporation uses standard costs with its job order cost accounting system In January, an order (Job No. 12) for 1000 units of Product B was received. The standard cost of one unit of Product B is as follows: Normal capacity for the month was 4,010 machine hours. During Janaary, the following transactions applicable to Job Na. 12 occurred. 1. Purchased 3,100 pounds of raw materials on account at $1,36 per pound. 2. Requisitioned 3,100 pounds of raw materials for Job Na. 12. 3. Incurred 1.180 hours of direct labor at a rate of $7.95 per hour. 4. Worked 1,180 hours of direct labor on Jab No. 12. 5. Incurred manufacturing overhead on account $15,880. 6. Applied overhead to Job No. 12 on basis of standard machine hours allowed. 7. Completed Job Na. 12. 8. Billed customer for Job No. 12 at a selling price of $90,000 (a) - Your anower is partially correct. Journalize the transactions. (Credit account titles are automotically indented when amount is entered Do not indent moruaby)

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