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.) View transaction list Journal entry worksheet 2 1 3 Record the issuance of raw materials to production. Note: Enter debits before credits Transaction General Journal Debit Credit a Prev 1 of 20 Next > View transaction ist Journal entry worksheet View transactions Journal entry worksheet 06 Oak Creek Furniture Factory (OCF), 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: Work in Process Job 33 Job 34 Balance on a/ $4,200 3,500 $7,700 Source documents revealed the following during March Materials Requisitions Labor Time Forms Tickets of Job at Month-End Jab33 S 4.000 S5,400 Completed and sold Job 34 3, 100 5,000 Completed, but not sold Job 35 3,600 2,300 In process Indirect 1,100 1,900 $ 11,800 $ 14,600 The company applies overhead to products at a rate of 50 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.) Prev 1 of 20 Next >