Review Problem: Chapter 3 Job-Order Costing Homework due 9/22 (ar Ebony les Ruger Corporation is a manufacturer that uses job-order costing. The following transactions were recorded for the month. (1) On April 1, Ruger Corporation had $7,000 in raw materials on hand. During the month, the company purchased on account an additional $60,000 in raw materials. Debit and credit the accounts affected. (2) During April, $52,000 in raw materials were requisitioned from the storeroom for use in production. These raw materials included $50,000 of direct and $2,000 of indirect materials. (3) In April, the employee time tickets included $60,000 recorded for direct labor and $15,000 for indirect labor. (4) Ruger Corporation incurred the following general factory costs during April: Utilities (heat, water, and power) Rent on factory equipment Miscellaneous factory overhead costs Total $21,000 16,000 3,000 $40,000 (5) Ruger Corporation recognized $13,000 in accrued property taxes and that $7,000 in prepaid insurance expired on factory buildings and equipment. SATIL dog saque 16 dg FERLENDER Jen 39

Review Problem: Chapter 3 Job-Order Costing Homework due 9/22 Ruger Corporation is a manufacturer that uses job-order costing. The following transactions were recorded for the month. (1) On April 1, Ruger Corporation had $7,000 in raw materials on hand. During the month, the company purchased on account an additional $60,000 in raw materials. Debit and credit the accounts affected. (2) During April, $2,000 in raw materials were requisitioned from the storeroom for use in production. These raw materials included $50,000 of direct and $2,000 of indirect materials. (3) In April, the employee time tickets included $60,000 recorded for direct labor and $15,000 for indirect labor. (4) Ruger Corporation incurred the following general factory costs during April: (5) Ruger Corporation recognized $13,000 in accrued property taxes and that $7,000 in prepaid insurance axnired on factory buildings and equipment