apter $18-20$ Homework $($Graded$)$

Exercise $19-18($Algo$)$ Recording transactions in job order costing LO P$1,$ P$2,$ P$3,$ P$4$

Prepare journal entries to record transactions a through $h.$

a$.$ Raw materials purchased on credit, $$90,000.$

b$.$ Direct materials used, $$39,500.$ Indirect materials used, $$18,000.$

c$.$ Direct labor used, $$40,000.$ Indirect labor used, $$20,000.($Record using Factory Wages Payable.$)$

d$.$ Paid cash for other actual overhead costs, $$7,625.$

e$.$ Applied overhead at the rate of $125\%$ of direct labor cost.

f$.$ Transferred cost of jobs completed to finished goods, $$65,000.$

g$.$ Sales of jobs on credit was $$92,800.$

Ask

h$.$ Cost of jobs sold was $$65,000.$

erences

Journal entrv worksheet

Record raw materials purchased on account $.$

Note: Enter debits before credits.

$\backslash$table$[[$S$.$No$/$Date$,$Account Title,Debit,Credit$],[$a$.,$Raw materials inventory,$90,000,],[,$Accounts payable,,$90,000],[,,,],[,,,],[,,,],[,4(1)-,,]]$

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