Materials

$($a$)$

$($b$)$

Work in Process

$($a$)($f$)$

$($c$)$

$($e$)$

Wages Payable

$($c$)$

$($d$)$

Finished Goods

$($f$)(g)$

Factory Overhead

$($b$)($e$)$

$($d$)$

Cost of Goods Sold

$($g$)$

Describe each of the seven transactions. Correct answers

a$.$ Direct materials requisitioned for use $$

b$.$ Indirect materials requisitioned for use $$

c$.$ Direct labor used $$

d$.$ Indirect labor used $$

e$.$ Application of factory overhead costs to jobs $$

f$.$ Jobs completed $$

g$.$Goods Sold $$

Five selected transactions for the current month are indicated by letters in the following T accounts in a job order costing system: