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Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF
Oak Creek Furniture Factory (OCFF), a custom furniture 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 3 Job 14 Balance on 3/1 55,100 4,000 59.100 Source documents revealed the following during March: Materials Labor e status of job at Month Requisitions forma Tickets End Job 3 3,500 $4,500 completed and sold Job 34 2,500 1,700 completed, but not sold Job 35 3,200 3,700 in process Indirect 1.300 2.300 5 10.800 $14,200 The company apples overhead to products at a rate of 55 percent of direct labor cost Required: Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet 1 2 3 > Record the issuance of raw materials to production. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general Journal Journal entry worksheet Record the application of manufacturing overhead to production Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal
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