Wildhorse Manufacturing Company uses a job order cost system and keeps perpetual inventory records.

June $1$

Purchased raw materials for $$24,400$ on account.

Raw materials requisitioned by production:

Direct materials

$$9,760$

Indirect

materials

Paid factory utilities, $$2,562$ and repairs for factory equipment, $$9,760.$

Incurred $$108,000$ of factory labor.

Time tickets indicated the following:

Applied manufacturing overhead to production based on a predetermined overhead rate of $$7$ per direct labor

hour worked.

$28$ Goods costing $$18,060$ were completed in the factory and were transferred to finished goods inventory.

$30$ Goods costing $$15,060$ were sold for $$20,000$ on account.

Prepare journal entries to record the above transactions during the month of June. $($Credit account titles are automatically indented when

the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the

problem.$)$

Date

Account Titles and Explanation

Account Tites and Explanation

$1,220$

$15$ Paid factory utilities, $$2,562$ and repairs for factory equipment, $$9,760.$

$25$ Incurred $$108,000$ of factory labor

$25$ Time tickets indicated the following:

Date