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Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $503,200.
Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $503,200. b. Materials requisitioned, $422,690, of which $54,950 was for general factory use. c. Factory labor used, $518,300, of which $98,480 was indirect. d. Other costs incurred on account for factory overhead, $120,770; selling expenses, $186,180; and administrative expenses, $110,700.. e. Prepaid expenses expired for factory overhead were $23,150; for selling expenses, $19,620; and for administrative expenses, $14,090. f. Depreciation of factory equipment was $23,150; of office equipment, $34,220; and of office building, $67,430. g. Factory overhead costs applied to jobs, $286,820. h. Jobs completed, $664,220. i. Cost of goods sold, $644,100. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
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