Journalize the entries to record the following summarized operations related to production for a company using a job order cost system:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Journalize the entries to record the following summarized operations related to production for a company using a job order cost system:

a. Materials purchased on account   $176,000
b. Prepaid expenses incurred on account   12,200
c. Materials requisitioned:    
       For production orders   153,700
       For general factory use   2,700
d. Factory labor used:    
       On production orders   141,300
       For general factory purposes   12,000
e. Depreciation on factory equipment   37,000
f. Expiration of prepaid expenses, chargeable to factory   6,100
g. Factory overhead costs incurred on account   76,000
h. Factory overhead applied, based on machine hours   105,300
i. Jobs finished   415,300
j. Jobs shipped to customers: Cost   412,000
        Selling price (assume all sold on account)   638,000

 

i.
j.
Sale
Transcribed Image Text:i. j. Sale
If an amount box does not require an entry, leave it blank.
а.
b.
C.
d.
е.
f.
g.
h.
Transcribed Image Text:If an amount box does not require an entry, leave it blank. а. b. C. d. е. f. g. h.
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