Journalize the entries to record the following summarized operations related to production for a company using a job order cost system:a.b.a. Materials purchased on accountb.C.C.d.e.f.9.h.i.j.Prepaid expenses incurred on accountMaterials requisitioned:For production ordersFor general factory useFactory labor used:If an amount box does not require an entry, leave it blank.On production ordersFor general factory purposesDepreciation on factory equipmentExpiration of prepaid expenses, chargeable to factoryFactory overhead costs incurred on accountFactory overhead applied, based on machine hoursJobs finishedJobs shipped to customers: CostSelling price (assume all sold on account)J$176,00012,200153,7002,700141,30012,00037,0006,10076,000105,300415,300412,000638,000

A journal is a booklet in which transactions are chronologically documented. It is also known as the…

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 b. a. C. d. 9. h. i. j. b. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use On production orders For general factory purposes e. Depreciation on factory equipment f. Factory labor used: Expiration of prepaid expenses, chargeable to factory Factory overhead costs incurred on account Factory overhead applied, based on machine hours Jobs finished Jobs shipped to customers: Cost 1 If an amount box does not require an entry, leave it blank. Selling price (assume all sold on account) $176,000 12,200 153,700 2,700 141,300 12,000 37,000 6,100 76,000 105,300 415,300 412,000 638,000

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 b. a. C. d. 9. h. i. j. b. Prepaid expenses incurred on account Materials requisitioned: For production orders For general factory use On production orders For general factory purposes e. Depreciation on factory equipment f. Factory labor used: Expiration of prepaid expenses, chargeable to factory Factory overhead costs incurred on account Factory overhead applied, based on machine hours Jobs finished Jobs shipped to customers: Cost 1 If an amount box does not require an entry, leave it blank. Selling price (assume all sold on account) $176,000 12,200 153,700 2,700 141,300 12,000 37,000 6,100 76,000 105,300 415,300 412,000 638,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 1PB: Entries for costs in a job order cost system Royal Technology Company uses a job order cost system....

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