Question: need help with this journal entry please Exercise 15-18 (Algo) Recording transactions in job order costing LO P1, P2, P3, P4 Prepare journal entries to

need help with this journal entry please
need help with this journal entry please Exercise 15-18 (Algo) Recording transactions

Exercise 15-18 (Algo) Recording transactions in job order costing LO P1, P2, P3, P4 Prepare journal entries to record transactions a through h a. Raw materials purchased on credit, $94,000. b. Direct materials used, $40,500. Indirect materials used, $25,000. c. Direct labor used, $50,000. Indirect labor used, $20,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7,875. ces e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $74,000. g. Sales of jobs on credit was $105,000. h. Cost of jobs sold was $74,000. View transaction list View Journal entry worksheet No General Journali Debit 1 Raw materials purchased Work in process inventory Direct materials used Cost of goods manufactured Direct materials used i Direct labor used Indirect labor 2 3 4 5 Transaction 1 a. b(1). b(2). c(1). c(2) 94,000 40,500 25,000 50,000 20,000 Credit 94,000 40,500 25,000 50,000 20,000 **** Tammi

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