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XYZ company uses a job order system. The following data summarizes the operations related to production during the month of July. Assume $ 0 starting

XYZ company uses a job order system. The following data summarizes the operations
related to production during the month of July. Assume $0 starting balances
1. Materials purchased for cash $ 800,000
2. Materials requisitioned and factory labor used:
Materials Factory Labor
$ 42,100 $ 32,000
$ 37,500 $ 42,000
$ 36,050 $ 18,700
$ 72,000 $ 42,500
$ 1,500 $ 2,500
3. Other Factory overhead costs incurred on account $10,000
4. Depreciation of factory machine and equipment $ 12,000
5. The predetermied overhead rate is $27 per machine hour.
Machine hours used for the period:
MH Used
210
230
205
275
6. Jobs completed for the period are Job 601,602, and 603
7. Jobs shipped and billed were as follows:
Sales Amount
$625,000
$510,000
8. At the end of the month, over or under applied overhead is closed
to Cost of Goods Sold
Required: Journalize the required journal entries to record the above operations.

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