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rices M Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On
rices M 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: Work in Process Balance on 3/1 Job 33 Job 34 $5,300 3,200 $8,500 Source documents revealed the following during March: Job 33 Job 34 Job 35 Indirect Materials Requisitions Labor Tine Forms $ 2,500 Tickets $5,200 Status of Job at Month-End Completed and sold 2,700 3,500) 900 5,000 2,200 Completed, but not sold In process 2,400 $14,800 $ 9,500 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.) View transaction list Journal entry worksheet 2 3 Record the application of manufacturing overhead to production. Note: Enter debts before credes Transaction General Joumal. Debit Credit
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