Data pertaining to job cost sheets for Reyes Tool & Die are given in BE3-4 and BE3-5. Prepare the job cost sheets for each of the three jobs.
In BE3-4
In January, Reyes Tool & Die requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,400, Job 3 $700, and general factory use $800.
In BE3-5
Factory labour data for Reyes Tool & Die are given in BE3-3. During January, time tickets show that the factory labour of $6,000 was used as follows: Job 1 $2,200, Job 2 $1,600, Job 3 $1,400, and general factory use $800.
In BE3-3
During January, its first month of operations, Reyes Tool & Die accumulated the following manufacturing costs: raw materials $4,000 on account; factory labour $6,000, of which $5,200 relates to factory wages payable and $800 relates to payroll taxes payable; and utilities payable $2,000.