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Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: Materials purchased on account, $
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:
Materials purchased on account, $
Materials requisitioned, $ of which $ was for general factory use.
Factory labor used, $ of which $ was indirect.
Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $
Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $
Depreciation of factory equipment was $; of office equipment, $; and of office building, $
Factory overhead costs applied to jobs, $
Jobs completed, $
Cost of goods sold, $
Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
a Materials purchased on account, $
Entry Description Debit Credit
a
fill in the blank
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b Materials requisitioned, $ of which $ was for general factory use.
Entry Description Debit Credit
b
fill in the blank
fill in the blank
fill in the blank
fill in the blank
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fill in the blank
c Factory labor used, $ of which $ was indirect.
Entry Description Debit Credit
c
fill in the blank
fill in the blank
fill in the blank
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fill in the blank
d Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $
Entry Description Debit Credit
d
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e Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $
Entry Description Debit Credit
e
fill in the blank
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f Depreciation of factory equipment was $; of office equipment, $; and of office building, $
Entry Description Debit Credit
f
fill in the blank
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g Factory overhead costs applied to jobs, $
Entry Description Debit Credit
g
fill in the blank
fill in the blank
fill in the blank
fill in the blank
h Jobs completed, $
Entry Description Debit Credit
h
fill in the blank
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i Cost of goods sold, $
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