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please show the work Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order.
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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 had two jobs in process with the following costs: Balance Work in Process on 3/1 4,100 4,100 Job 33 Job 34 8,200 Source documents revealed the following during March: Materials Requisitions Labor Time Tickets Status of Job at Month- End Forms Completed and sold Completed, but not sold In process Job 33 2,700 3,600 3,400 1,10e $5,100 3,70e Job 34 Job 35 2,900 Indirect 1,700 13,400 $10,800 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 overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)Step by Step Solution
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