data from previous question:

Question 17 Using the information from the previous question, record the following journal entries for Camino Tractors Co. 1. Raw materials purchased on account. 2. Direct materials used in March production 3. Direct labor used in March production. 4. Overhead applied to March production, 5. Indirect materials used in March production, 6. Indirect labor used in March production 7. Factory rent. 8. Factory utilities 9. Factory equipment depreciation 10. Transfer of goods manufactured during March from WIP to finished goods 11. Sale of Job 200-006. 12. Cost of goods sold for Job 200-006 13. Over/Under applied overhead, Use the space below to type your journal entries. You may copy and paste the journal entry template below into the space provided for each question or you may create your own journal entry Account Title Debit Credit Question 16 The following is production information for Camino Tractors Co. February 28 inventory of raw materials is $75.000 Raw materials purchases in March are $625.000 Factory payroll cost in March is $510.000 Overhead costs incurred in March are: o Indirect materials, $45,000 Indirect labor, $55,000 Factory rent. $25,000 o Factory utilities, $13,000 Factory equipment depreciation, $60,000 The predetermined overhead rate is 45% of direct labor cost, Job 200-006 is sold for $580.000 cash in March Below is a schedule of costs for the three jobs worked on in March. Job 202-002 was started in March. Job 200-006 Job 201-005 Totals Job 202-002 Balances on February 28: $ 78,000 $ 43,000 Direct materials $ 35,000 57,000 Job 200-006 Job 201-005 Job 202-002 Total 35000 27000 12150 43000 30000 13500 78000 57000 25650 Balance on Feb 28 Direct materials Direct labor Applied overhead Cost during March Direct materials Direct labor Applied overhead Subtotals for march Totals ( feb and march) 182000 150000 67500 399500 473650 254000 201000 90450 545450 631950 123000 104000 46800 273800 273800 559000 455000 204750 1218750 1379400