Complete and submit your work in an Excel file to the dropbox by the Lesson $1$

Deadline. Below is the assignment:

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

Materials purchased for cash

$$800,000$

Materials requisitioned and factory labor used:

Other Factory overhead costs incurred on account

$$10,000$

Depreciation of factory machine and equipment

$$,12,000$

The predetermied overhead rate is $$27$ per machine hour.

Machine hours used for the period:

Jobs completed for the period are Job $601,602,$ and $603$

Jobs shipped and billed were as follows:

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.