Concept explainers
Exercise 19-6
Recording events in job order costing
P1 P2 P3 P4
Using Exhibit 19.15 as a guide, prepare summary
a. Raw materials purchased on account, $90,000.
b. Direct materials used in production, $36,500. Indirect materials used in production, $19,200.
c. Paid cash for factory payroll, $50,000. Of this total, $38,000 is for direct labor and $ 12,000 is for indirect labor.
d. Paid cash for other actual overhead costs, $11,475.
e. Applied overhead at the rate of 125% of direct labor cost.
f. Transferred
g. Sold jobs on account for $82,000. The jobs had a cost of $56,800.
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Check out a sample textbook solutionChapter 19 Solutions
Fundamental Accounting Principles
- Accounting (Text Only)AccountingISBN:9781285743615Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage Learning