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E17-16) (3) Job order costing journal entries [20-25 min] Consider the following transactions for Judy's Sofas: a. Incurred and paid Web site expenses, $2,900. b. Incurred manufacturing wages of $15,000,60% of which was direct labor and 40% of which was indirect labor. c. Purchased materials on account, $24,000. d. Used in production: direct materials, \$9,500; indirect materials, $4,500. e. Recorded manufacturing overhead: depreciation on plant, $10,000; plant insurance, $1,300; plant property tax, $4,200 (credit Property tax payable). f. Allocated manufacturing overhead to jobs, 250% of direct labor costs. g. Completed production, $38,000. h. Sold inventory on account, $20,000; cost of goods sold, $10,000. i. Journalized the closing of the manufacturing overhead account. Requirement 1. Journalize the transactions in Judy's general journal. (4) Allocating manufacturing overhead [15-20 min] The manufacturing records for Krazy Kayaks at the end of the 2012 fiscal year show the following information about manufacturing overhead: Requirement 1. Use the dates in the table to identify the status of each job. Compute Sloan's cost of (a) Work in process inventory at September 30, (b) Finished goods inventory at September 30, and (c) Cost of goods sold for September

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