The following transactions occurred in during the month of January:

a) Purchased $10,000 of raw materials on account

b) Requisitioned $8,000 of materials for Jobs 101-105

c) Requisitioned $500 of materials for general factory use

d) Paid factory workers wages $7,500

e) Paid factory supervisor salary of $1,500

f) Paid factory rent and utilities of $4,000

g) Applied factory overhead: predetermined rate is $50 per direct labor hour. January

Direct Labor hours = 100

h) Completed jobs 101 and 102 total product cost of $2,250

i) Sold job 101 which had product costs of $1,200 for $3,800.

Journalize under a Lean Accounting System- note not all transactions require a journal entry