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Stanton Co's July transactions included the following: a. Purchased materials on account cost $35,000. b. Requisitions for $8,000 of direct materials and $2,000 of indirect
Stanton Co's July transactions included the following: a. Purchased materials on account cost $35,000. b. Requisitions for $8,000 of direct materials and $2,000 of indirect materials were filled for the store room. c. Factory payroll totaling $9,400 consisted of $7,600 direct labor and $1,800 indirect labor. d. Depreciation of $1,200 on factory equipment was recorded. e. A Job order was completed with $1,830 of direct labor and $1,450 of materials previously charged to the order. Factory overhead is to be applied at 66 2/3% of direct labor cost. f. Miscellaneous factory overhead of $1,250 was accrued. g. The Job order referred to the transaction (e) was shipped to Dixon Associates, who were billed for $6,100. Required: Prepare the journal entries to record the transactions
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