Preparing job order costing journal entries Journalize the following transactions for Marge’s Sofas. Explanations are not required. a. Incurred and paid Web site expenses, $2,000. b. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor. c. Purchased raw materials on account, $24,000. d. Used in production: direct materials, $7,500; indirect materials, $5,000. e. Recorded manufacturing overhead: depreciation on plant, $18,000; plant insurance (previously paid), $1,500; plant property tax, $3,900 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 200% of direct labor costs. g. Completed production on jobs with costs of $40,000. h. Sold inventory on account, $22,000; cost of goods sold, $18,000. i. Adjusted for overallocated or underallocated overhead.
Preparing job order costing
Journalize the following transactions for Marge’s Sofas. Explanations are not required.
a. Incurred and paid Web site expenses, $2,000.
b. incurred manufacturing wages of $15,000, 75% of which was direct labor and 25% of which was indirect labor.
c. Purchased raw materials on account, $24,000.
d. Used in production: direct materials, $7,500; indirect materials, $5,000.
e. Recorded manufacturing
f. Allocated manufacturing overhead to jobs, 200% of direct labor costs.
g. Completed production on
h. Sold inventory on account, $22,000; cost of goods sold, $18,000.
i. Adjusted for overallocated or underallocated overhead.
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