College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN: 9781305666160
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 26, Problem 3SEB

JOURNAL ENTRIES FOR MATERIAL, LABOR, AND OVERHEAD Rich Manufacturing Corporation had the following transactions for its job order costing operation. Prepare general journal entries to record these transactions.

Jan. 1 Purchased materials on account, $22,000.
  15 Issued direct materials to Job No. 1, $18,000.
  20 Issued indirect materials (factory overhead), $3,000.
  31 Incurred direct labor, Job No. 1, $11,000.
  31 Incurred indirect labor (factory overhead), $4,000.
  31 Incurred other indirect costs (factory overhead; credit Accounts Payable), $1,500.
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College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

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