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Josie Inc. has provided the following information for the year ended 20x8: a. Purchased raw materials on account for $120,100. b. Issued $114,200 in
Josie Inc. has provided the following information for the year ended 20x8: a. Purchased raw materials on account for $120,100. b. Issued $114,200 in raw materials to production ($20,300 were not traceable to specific jobs). c. Incurred $100,660 in direct labor costs (14,380 hours) and $61,700 in supervision costs (paid in cash). d. Incurred the following additional manufacturing overhead costs: factory lease $23,800 (paid in cash); depreciation on equipment $20,000; custodial supplies $7,400 (paid in cash). e. Incurred the following nonmanufacturing costs, both paid in cash: advertising $73,200; sales commissions $86,300. f. Applied manufacturing overhead to jobs in process at a rate of $11 per direct labor hour. g. Completed jobs costing a total of $343,200. h. Sold jobs for $425,200 on account. The cost of the jobs was $341,100. L. Closed the Manufacturing Overhead account balance. Prepare the journal entries to record these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record purchase of raw material on account. Note: Entar debits before credits Event General Journal Debit Credit
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