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Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on
Journalize the entries to record the following summarized operations related to production for a company using a job order cost system: a. Materials purchased on account $176,000 12,200 b. C. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use Factory labor used: On production orders 153,700 2,700 d. For general factory purposes 141,300 12,000 37,000 6,100 76,000 e. f. g. h. i. j. Depreciation on factory equipment Expiration of prepaid expenses, chargeable to factory Factory overhead costs incurred on account Factory overhead applied, based on machine hours Jobs finished Jobs shipped to customers: Cost Selling price (assume all sold on account) 105,300 415,300 412,000 638,000 If an amount box does not require an entry, leave it blank. Sale i i m m m m m II DDDDDDDDDDDDDD
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