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Oak Creek Furniture Factory (OCFF), a custom fumiture manufacturer, uses job order costing to track the cost of each customer order On March 1,
Oak Creek Furniture Factory (OCFF), a custom fumiture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs work in Process Job 31 Job 14 Balance on 1/1 $ 7,500 6,000) $ 13,500 Source documents revealed the following during March Materials Requisitions Labon Tickets Status of Job at Month Tod $6,500 Completed and sold 7,800 Completed, but not sold In process Form 206 33 $3,500 200 14 6,000 306 35 4,200 3,250 Indirect 1,190 2,140 $ 15,000 $19,690 The company applies overhead to products at a rate of 150 percent of direct labor cost Required: Prepare journal entites to record the materials requisitions, labor costs, and applied overhead. (If no entry is required for a transection/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet 1 Racord the issuance of raw materials to production. Note: Entar debits before credits Transaction General Journal Debit Credit
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