Explanations are not required E19-24 Preparing job order costing journal entries Journalize the following transactions for Marge's Sofas. Explanations are a. Incurred and paid Web site expenses, $2,000. b. Incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c. Purchased raw materials on account, $24,000. d. Used in production direct materials, $7,500; indirect materials, $5,000. e. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payan f. Allocated manufacturing overhead to jobs, 200% of direct labor costs. g. Completed production on jobs with costs of $40,000. h. Sold inventory on account, $22,000; cost of goods sold, $18,000. i. Adjusted for overallocated or underallocated overhead. p19-304 Accounting Superior Constructie costing system in wi pany uses an accoun based on estimated head of $1,150,00 IL Ul the 6,000 DVDs on account ating for transactions, construction company ruction, Inc. is a home builder in Arizona Superior uses a job order in which each house is a job. Because it constructs houses, the com- ccount titled Construction Overhead. The company applies overhead mated direct labor costs. For the year, it estimated construction over- 50.000 and total direct labor costs of $5,750,000. The following events curred during August: Purchased materials on account, $400,000. tioned direct materials and used direct labor in construction. Recorded the b. Requisitioned die materials requisitioned. Direct Materials Direct Labor House 402 $ 58,000 $ 44,000 House 403 62,000 32,000 House 404 61,000 58,000 House 405 86,000 57,000 . The company incurred total wages of $300,000. Use the data from Item b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $6,700. e. Other overhead costs incurred: Equipment rentals paid in cash, $30,000; Worker liability insurance expired, $7,000. f. Allocated overhead to jobs. & Houses completed: 402, 404. h. House sold on account: 404 for $250,000. Requirements Calculate Superior's predetermined overhead allocation rate for the year. Prepare journal entries to record the events in the general journal. 3. Open T-account Post the appropriate en Determine the ending acco were zero. pen T-accounts for Work-in-Process Inventory and Finished Goods Inventory he appropriate entries to these accounts, identifying each entry by letter. hine the ending account balances, assuming that the beginning balances