Chapter 26, Problem 6SEA

JOURNAL ENTRIES FOR MATERIAL, LABOR, OVERHEAD, AND SALES Micro Enterprises had the following job order transactions during the month of April. Record the transactions in the general journal, including issuance of materials, labor, and factory overhead applied; completed jobs sent to finished goods inventory; closing of the under- or overapplied factory overhead to the cost of goods sold account; and sale of finished goods.

Apr.    1	Purchased materials on account, $35,000.
10	Issued direct materials to Job No. 33, $10,000.
11	Issued direct materials to Job No. 34, $8,000.
12	Issued direct materials to Job No. 35, $11,000.
25	Incurred direct labor:
	On Job No. 33, $6,000
	On Job No. 34, $4,000
	On Job No. 35, $5,000
25	Applied factory overhead:
	To Job No. 33, $1,500
	To Job No. 34, $1,200
	To Job No. 35, $1,600
30	Transferred Job Nos. 33–35 to the finished goods inventory account as products F, G, and H, respectively.
30	Sold products F, G, and H for $20,000, $16,000, and $22,000, respectively.
30	Actual factory overhead for Job Nos. 33–35, $4,220.