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Weaver Printing Inc., uses a job order cost system. The following data summarize the operations related to production for April, the first month of
Weaver Printing Inc., uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account. $125,610. b. Materials requisitioned and labor used: Materials Factory Labor Job 601 $15,840 $9,500 Job 602 12,410 8,140 Job 603 13,900 5,100 Job 604 21,860 14,220 Job 605 11,440 6,680 Job 606 7,400 3,000 For general factory use 2,300 1,760 c.Factory overhead costs incurred on account. $21,200 d.Depreciation of machinery and equipment. $7,760 e.Factory overhead is rate $15 per machine hour. Machine hours used. Job 601 510 Job 602 352 Job 603 240 Job 604 669 Job 605 344 Job 606 145 Total 2,260 f.Jobs completed: 601, 602, 603, and 605 g.Jobs were shipped and customers were billed as follows Job 601 $49,250, Job 602 $31,100 and Job 605 $31,280. INSTRUCTIONS 1. Journalize the entries to record the transactions indentified above.
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