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$3.50 journalizing using Job Order Cost System
- From Business: Accounting
- Closed, but you can still post tutorials
- Due on Oct. 27, 2009
- Asked on Oct. 27, 2009 at 10:53:46AM
Q:I need help with journaling the following transactions, using the job order cost system:
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materials purchased on account $233,000.00 materials requisitioned $208,300.00 of which $5,600.00 was for general factory use factory labor used $190,500.00 of which $62,500.00 was indirect other costs incurred on account were: factory overhead $89,300.00 selling expenses $64,000.00 administrative expenses $37,800.00 prepaid expenses for factory overhead were $7,500.00 selling expenses $1,300.00 administrative expenses $1,250.00 depreciation of factory equipment $18,900.00 office equipment $14,700.00 store equipment $2,600.00 factory overhead costs applied to jobs $190,000.00 jobs completed $583,300.00 cost of goods sold $577,700.00
