Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 115,000 direct labor-hours and incur $12,305,000 of manufacturing overhead cost. The following summarized information relates to January of the current year. The raw materials purchased include both direct and indirect materials.

Raw materials purchased on account

$

868,600

Direct materials requisitioned into production

$

799,700

Indirect materials requisitioned into production

$

60,700

Direct labor cost (4,800 hours @ $36 per hour)

$

172,800

Indirect labor cost (5,700 hours @ $22 per hour)

$

125,400

Depreciation on the factory building

$

146,400

Depreciation on the factory equipment

$

684,600

Utilities for the factory

$

61,500

Cost of jobs finished

$

1,927,500

Cost of jobs sold

$

1,839,600

Sales (all on account)

$

2,759,800

A.	Record the raw materials purchased on account.
B.	Record the direct materials requisitioned into production.
C.	Record the indirect materials requisitioned into production.
D.	Record the direct labor cost (4,800 hours @ $36 per hour).
E.	Record the entry for overhead applied.
F.	Record the indirect labor cost (5,700 hours @ $22 per hour).
G.	Record the depreciation on the factory building, equipment and utilities.
H.	Record the cost of jobs finished.
I.	Record the cost of jobs sold.
J.	Record the sales (all on account).

Chose from:

• No journal entry required
• Accounts payable
• Accounts receivable
• Accumulated depreciation, building
• Accumulated depreciation, equipment
• Administrative expenses
• Advertising expense
• Commissions
• Cost of goods sold
• Depreciation expense
• Direct materials
• Finished goods
• Indirect materials
• Manufacturing overhead
• Purchases
• Raw materials
• Rent expense
• Salaries and wages payable
• Salaries expense
• Sales
• Utilities expense
• Utilities payable (or cash)
• Work in process