The following accounts will be used in this problem

A. Accounts payable

B. Accumulated depreciation

C. Cost of goods sold

D. Depreciation expense

E. Finished goods inventory

F. Insurance expense

G. Manufacturing overhead

H. Prepaid insurance

I. Raw materials inventory

J. Wages and salaries expense

K. Wages and slaries payable

L. Work inprocess inventory

Required

Enter the appropriate letters in the blanks below to indicate the account to be debited and the one to be credited under a job-order costing system for each of the following summary transactions:

Debit Credit

a. Insurance expired on the factory building

b. Cost of goods sold is recorded

c. Materials are purchased on account

d. Direct labor cost is incurred.

e. Cost of goods manufactured is recorded.

f. Salaries are recorded for the sales staff.

g. Depreciation is recorded on the factory building

h. Materials are placed into production

i. Manufacturing overhead assigned to units of product.