Oak Creek Furniture (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:

REQUIRED: Prepare journal entries to record the materials requisitions, labor costs and applied overhead.

1) Record the issuance of raw materials to production

2) Record Oak Creek Furniture Factory's payroll costs. Assume the direct labor is owed but not paid.

3) Record the application of manufacturing overhead to production

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 33 Job 34 Balance on 3/1 $ 5,800 4,700 $18, see Source documents revealed the following during March: Materials Requisitions Fores Job 33 $ 3,900 Job 34 2,200 Job 35 3,100 Indirect 1.000 $ 10,200 Labor Time Tickets Status of Job at Month-End $ 4.500 Completed and sold 3,500 Completed, but not sold 3,300 In process 2,700 $ 14,000 The company applies overhead to products at a rate of 60 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 et Journal entry worksheet 2 3 Record Oak Creek Furniture Factory's payroll costs. Assume the direct laboris owed but not paid. Note: Unter det beror Transaction Debit credit General Joumal Work in Process Inventory