Problem 11-6A (Part Level Submission) Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows. 3 pounds at $1.30 per pound 1.30 hour at $10.00 per hour 2 hours (variable $4.50 per machine hour; fixed $2.60 per machine $3.90 13.00 14.20 $31.10 Direct materials Direct labor Overhead hour) Standard cost per unit Normal capacity for the month was 4,100 machine hours. During January, the following transactions applicable to Job No. 12 occurred 1 Purchased 6,400 pounds of raw materials on account at $1.36 per pound 2. Requisitioned 6,400 pounds of raw materials for Job No. 12 3. Incurred 2,700 hours of direct labor at a rate of $9.95 per hour 4 Worked 2,700 hours of direct labor on Job No. 12 5. Incurred manufacturing overhead on account $30,600 6. Applied overhead to Job No. 12 on basis of standard machine hours allowed Completed Job No. 12 8. Billed customer for Job No. 12 at a selling price of $180,000 Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit No. Account Titles and Explanation Debit (a) Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Debit 2. 3. 4. 5 6. 7. 8 To record sales.) (To record cost of goods sold.)