TRANSACTIONS:

The following transactions occurred during the month of January $2024$:

$1.$ Purchases of raw materials $($on account$)$:

RM Type Units $$

Receiving report # $1012$ A $5,000?$

Receiving report # $1013$ B $6,000?$

Receiving report # $1014$ A $2,500?$

Receiving report # $1015$ B $5,000?$

Receiving report # $1016$ C $2,125?$

Receiving report # $1017$ B $3,000?$

Receiving report # $1018$ Supplies N$/$A $$3,004\mathrm{.}00$

Assume that costs have not changed in the last year.

$2.$ Returns on account: $44$ units of material B$.($receiving report #$1019)$

$3.$ The direct material requisitions were summarized, and the following data were shown on a material usage report.

Building Department

Direct Material Usage

For the Month Ended January $31,2024$

Requisition RM Type Job Order Quantity

M$89$ B $19-181,500$

M$90$ A $19-193,017$

M$91$ A $19-20800$

M$92$ B $19-201,000$

M$93$ B $19-193,000$

M$94$ B $19-18200$

M$95$ A $19-211,900$

$$

Finishing Department

Direct Material Usage

For the Month Ended January $31,2024$

Requisition Type Job Order Quantity

A$301$ C $19-175$

A$302$ C $19-20200$

A$303$ C $19-18800$

A$304$ C $19-191,500$

A$305$ C $19-2020$

$4.$ A summary of payroll costs incurred as per the time tickets is as follows:

Actual Labour Hours Worked

For the Month Ended January $31,2024$

Work Job

Ticket Order Building Finishing

ML$48019-184$

ML$48119-18300$

ML$48219-20200$

ML$48319-19240$

ML$48419-21100$

ML$48519-2020$

AL$6019-174$

AL$6119-191,400$

AL$6219-18100$

AL$6319-20200$

AL$6419-1940$

Total direct labour $8641,744$

Other payroll costs:

Building Finishing Total

Indirect labour $$2,000$ $$1,500$ $$3,500$

Factory Supervision $$1,200$ $$1,600$ $$2,800$

Selling and admin. Wages $$6,000$

$5.$ Apply overhead to jobs. See data for item $6$ to obtain machine hours worked. $($A direct laborer operates more than one machine simultaneously, so machine hours are not necessarily equal to labour hours incurred by Builders$).$

$6.$ Use the following information to $($a$)$ record the completion and $($b$)$ the sale of the items:

JayBird Inc.

Production and Sales Data

For the Month Ended January $31,2024$

Job Finished Date Mach Stock Invoice Sold Sales

# Units Finished Hours Number Number Units Revenue

$19-15300$ Dec. $11/23$ n$/$a X$-1$ #$923200$ $$40,000$

$19-16812$ Dec. $15/23$ n$/$a X$-2$ #$92480036,000$

$19-1750$ Jan. $5/240$ X$-3$ #$925206,800$

$19-181750$ Jan. $12/243,000$ X$-4$ #$92690024,400$

$19-191000$ Jan. $19/242,000$ X$-5$ #$92795075,000$

$19-20100$ Jan. $30/24150$ X$-6$ #$928498,500$

$19-21$ Unfinished $800$

$5,950$ $$190,700*$

$*$All sales are on account.

$7.$ Gross payroll $($factory and office$)$ of $$41,024$ is paid in cash.

$$

$8.$ The following additional overhead costs were incurred during January:

Selling

Item Total Building Finishing & Admin. Account to Credit

Supplies requisitioned $$2,124$ $$1,600$ $$400$ $$124?$

Utilities $4,0002,700800500$ Accrued utilities

Repairs by outsiders $3,0002,35060050$ A$/$P

Miscellaneous $3,0002,000900100$ A$/$P

Insurance $1,000600200200?$

Amortization on equip. $11,0009,5001,200300?$

Rent $4,0002,0001,400600$ A$/$P

Property taxes $800450250100$ Accr. prop. Taxes

$$28,924$ $$21,200$ $$5,750$ $$1,974$

$9.$ Utility bills received $$2,724($DR Accrued utilities and CR A$/$P$).$

$10.$ Utility bills paid, $$2,324.$

$11.$ Other selling and administrative expenses incurred, $$12,240.$

$12.$ Other payments on account, $$61,924.$

$13.$ Collections on account, $$119,547.$

$14.$ Close under$-$ or over$-$applied Factory Overhead to Cost of Goods Sold

Journalize the above summary transactions, all dated January $31,2024.($No new balance sheet accounts are required. You should need to add only the following temporary accounts: Revenue, Cost of Goods Sold, Selling & Administrative Expense, Factory Overhead.$)$