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Oak Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. Onoch 1, OCFF had two
Oak Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. Onoch 1, OCFF had two jobs in process with the following costs: Precone Job 33 Job 34 Dalance com 2/1 $4,600 3.200 57,600 Source documents revealed the following during March: Katerini Repuisition Labor ise Forme Tickets Status of Job at Month-Ind Job a $ 3,200 4.200 Completed and mold Job 34 3.100 4,500 Completed, but not sold Job 35 4,900 3.500 In procesa Indirect 900 3,400 $12,106 $14,700 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. Of no entry is required for a transactionlevent, select "No Journal Entry Required in the first account field.) transaction list SOUTtry worksheet 2 Read the lence of raw materials to production. : Ent before credits Ganarul Journal Debit Credit Record entry Clear entry Vlow general journal
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