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, $$116,000.$

b$.$ Direct materials used, $$46,000.$ Indirect materials used, $$20,600.$

c$.$ Direct labor used, $$41,000.$ Indirect labor used, $$14,000.($Record using Factory Wages Payable.$)$

d$.$ Paid cash for other actual overhead costs, $$9,250.$

e$.$ Applied overhead at the rate of $120\%$ of direct labor cost.

f$.$ Transferred cost of jobs completed to finished goods, $$85,600.$

g$.$ Sales of jobs on credit was $$123,000.$

h$.$ Cost of jobs sold was $$85,600.$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

Record raw materials purchased on account $.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,],[,,,],[,,,],[,,,],[,,,]]$

$\backslash$table$[[,\backslash$table$[[$Star$],[$Promotions$]],\backslash$table$[[$Valle$],[$Builders$]]],[$Indirect materials,$$13,000,$$$6,600$