Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September using
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Job Costing Journal Entries Prepare journal entries to record the following transactions and events for September using a job order costing system.
(a) Purchased raw materials on credit, $189.000.
(b) Raw materials requisitioned: $62,000 direct and $40,000 indirect.
(c) Factory payroll accrued $125,000, including $75,000 indirect labor, remainder was direct labor.
(d) Paid other actual overhead costs totaling $58,500 with cash.
(e) Applied overhead totaling $47.500
(f) Finished and transferred jobs totaling $277,800.
(g) Jobs costing $189.800 were sold on credit for $257,000.
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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