Question: Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,600 $ 5,600 Completed
Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,600 $ 5,600 Completed and sold Job 34 3,300 3,200 Completed, but not sold Job 35 4,600 2,600 In process Indirect 1,300 2,200 $ 12,800 $ 13,600 The company applies overhead to products at a rate of 50 percent of direct labor cost. Required: Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. Note: If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field
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