Kl company uses a job order costibg system. During the month of July, the following events occurred; A purchased raw materials on credit 32000 B raw materials used in production 25800 as direct materials and 10500 indirect materials C recorded the factory payroll totaling 37700 which includes 8200 indirect labor, to jobs and overhead. Make the necessary journal entries to record the above transactions and events
Kl company uses a job order costibg system. During the month of July, the following events occurred; A purchased raw materials on credit 32000 B raw materials used in production 25800 as direct materials and 10500 indirect materials C recorded the factory payroll totaling 37700 which includes 8200 indirect labor, to jobs and overhead. Make the necessary journal entries to record the above transactions and events
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter2: Accounting For Materials
Section: Chapter Questions
Problem 8P
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Question
Kl company uses a job order costibg system. During the month of July, the following events occurred;
A purchased raw materials on credit 32000
B raw materials used in production 25800 as direct materials and 10500 indirect materials
C recorded the factory payroll totaling 37700 which includes 8200 indirect labor, to jobs and overhead .
Make the necessary journal entries to record the above transactions and events
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