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More info a. Purchased materials on account, $430,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. Direct Materials
More info a. Purchased materials on account, $430,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. Direct Materials House 402 House 403 $ House 404 House 405 Direct Labor 59,000 $ 49,000 62,000 32,000 61,000 58,000 83,000 54,000 c. The company incurred total wages of $240,000. Use the data from Item b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $6,300 e. Other overhead costs incurred: Equipment rentals paid in cash, $39,000; Worker liability insurance expired, $8,000. f. Allocated overhead to jobs. g. Houses completed: 402, 404 h. House sold on account: 404 for $210,000 Print Done journal entries.)
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