nework Exercise 15-6 Recording events in job order costing LO P1, P2, P3, P4 Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $88,000. b. Direct materials used in production, $39,000. Indirect materials used in production, $17,800. c. Paid cash for factory payroll, $55,000. Of this total, $39,000 is for direct labor and $16,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7,500. e. Applied overhead at the rate of 120% of direct labor cost. t Transferred cost of jobs completed to finished goods, $60,600. 9. Sold jobs on account for $86,500 9(2). The jobs had a cost of $60,600 g(t). View transaction list Journal entry worksheet Adv @ O MacBook Pro %23 $ 17 A MacBook Pro Q Saved work f. Transferred cost of jobs completed to finished goods, $60,600. g. Sold jobs on account for $86,500 (2). The jobs had a cost of $60,600 g(1). View transaction list Journal entry worksheet 1 3 4 5 6 7 8 9 Record the entry to assign costs of direct materials used. Note: Enter debits before credits General Journal Debit Credit Transaction b(1) Record entry Clear entry View general journal MacBook Pro Saved ork f. Transferred cost of jobs completed to finished goods, $60,600. g. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 9(1). View transaction list Journal entry worksheet 17 A MacBook Pro Saved f. Transferred cost of jobs completed to finished goods, $60,600. 9. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 g(). View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record other actual overhead costs, paid in cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 17 MacBook Pro Transferred cost of jobs completed to finished goods, $60,600. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 g(). View transaction list Journal entry worksheet 2 3 4 5 7 8 9 Record the entry to apply overhead at a rate of 120% of direct labor cost. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal tv MacBook Pro Transferred cost of jobs completed to finished goods, $60,600. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 g(1). View transaction list Journal entry worksheet tv MacBook Pro Transferred cost of jobs completed to finished goods, $60,600. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 g(1). View transaction list Journal entry worksheet 17 tv MacBook Pro Transferred cost of jobs completed to finished goods, $60,600. Sold jobs on account for $86,500 g(2). The jobs had a cost of $60,600 g(1). View transaction list Journal entry worksheet tv MacBook Pro
