During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials purchased $4,000 on account, factory labor $6,000, and utilities payable $2,000. Using the format shown in Illustration 12.6, record the company’s manufacturing costs in its job order costing system. Record the assignment of raw materials costs.

Data From Illustration 12.6

Transcribed Image Text:

MANUFACTURING COSTS Manufacturing Overhead Raw Materials Factory Labor Inventory Purchased raw materials (1) +$42,000 Incurred factory labor (2) Factory utilities (3) Factory insurance (3) +$32,000 +$4,800 +2,000 Factory repairs (3) +2,600 Factory depreciation (3) +3,000 Factory property taxes (3) +1,400 Balance $42,000 $32,000 $13,800