Question: Can u explain how to get the numbers too please? Thank you! Jameson Enterprises uses a job costing system. Record the following transactions in Jameson
Jameson Enterprises uses a job costing system. Record the following transactions in Jameson Enterprises' general journal for the current month(20 Marks) 1. Purchased raw materials on account, $112,500 Requisitioned $66,750 of direct materials and $10,500 of indirect materials for use in production. Factory payroll, $135,000; 80% direct labour, 20% indirect labour. Recorded depreciation expense factory equipment $18,000, and other manufacturing overhead of $63,150 (credit accounts payable). a) b) c) d) e) Manufacturing overhead costs based on 120% of direct labour cost. f) Cost of goods manufactured for the current month, $213,000 g) Cost of finished goods sold, $172,500; selling price, $262,500 (all sales on account). General Journal Date Accounts Debit Credit
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