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Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job or On March 1, OCFF had two jobs in process with the following
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job or On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 Job 34 $ 4,200 3,900 $8,100 Source documents revealed the following during March Materials Requisitions Labor Time Forms Tickets ces Job 33 Job 34 Job 35 Indirect $ 2,000 $5,900 Status of Job at Honth-End Completed and sold. 3,300 4,800 Completed, but not sold 3,500 2,400 In process 1,200 1.100 $10,600 $14,200 The company applies overhead to products at a rate of 70 percent of direct labor cost Required: Prepare journal entries to record the materials requisitions, labor costs, and applied over Note: If no entry is required for a transaction/event, select "No Journal Entry Requires 3 C Search 17 $ 4 S 40 Prev 1 of 5 Next 9 6 & 7 4 144 8 9 E R T Y D D F G H J K Journal entry worksheet < 1 2 3 Record the issuance of raw materials to production. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry A Search A 19 4 5 View general journal Prey 1 of 5 Next >> 40 & 6 19 4 14 00 C 9 0 0 E R T Y C D F G H J K C V V B N M ww J P ent Journal entry worksheet < 1 2 3 Saved Record Oak Creek Furniture Factory's payroll costs. Assume the direct labor is owed but not paid. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry $ Q Search EX View general journal Prev 1 of 5 Next >> 40 4 4 143 % 5 6 & 7 R T Y D F 11 0 C 1 G H K O on.com/ext/map/index.html?_con-con&external browser=0&launchUrl=https%253A ent Saved Journal entry worksheet 1 2 3 Record the application of manufacturing overhead to production. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry 17 Q Search 5 S R T 40 A 9 Y 8 7 View general journal Pu 1 of 5 Next > D 144 M C 8 9 O
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