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please help Elasco Co uses a job order cost system. The foliowing data summanze the operations related to production for July. July 1 Materiais putchased
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Elasco Co uses a job order cost system. The foliowing data summanze the operations related to production for July. July 1 Materiais putchased on account, $203,940 2. Materials requistioned, $191,480, of which $15,530 was for general factory use 31 Factory labor used, $598,400, of which $63,620 was indied 31. Other costs incurted on account for factory overhead, 5290,400 , selling expenses, 5158.300 , and adninistrative expenses, $110,000 21 Prepoid expenses expred for factory overhead, $21,310, for seling expenses, 56,250 , and for administrative experses, $7,940 31. Depredation of office bulding was $40,100, of office equipment $13,500, and of tactory equipment, 51,200 31 Factory overhead costs appled to jobs $452,240 31. Jobs completed, 51,003,200 31 Cost of gocds sold, $902,600 Required: Journalze the entrios to record the summanted operabons Refer to the chart of accounts for the exact wording of the account abios: CNOW indecr o credit every when o credit arpount is ensered Step by Step Solution
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