Entries for Costs in a Job Onder Cost Svatem Royal Technology Company uses a job...
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Accounting
Entries for Costs in a Job Onder Cost Svatem Royal Technology Company uses a job order cost kystem. The following dati summarize the operations related to oioduction for Marchi a. Materiais purchased on account, 5595,020 . b. Materials requisitioned, 5499,820 , of which $54,980 was for general factory use. c. Factory labor uned, $612,870, of which $116,450 wes indifect. d. Other costs incurred on account for foctory overhecad, $142;800; selling expenses, $220,160; and administrative expenses; $130,900 : e. Prepaid expenses expared for factory overhead were $27,370; for selling expenses, $23,210; and for adirinistrative expenses, 516,650 . f. Depreciation of factary equipment was $27,370, of oftice equipenent, 540,460 , and of office building, 579,230 g. Factory overhead costs apphied to jobs, 5339,160 . h. Kabs completed, 5785,430 . 1. Cost of goods sold, 5761,630. Requireds Journalize the entries to record the summarized operations, If an amount box does not require an entry, leave it blank. c. Factory labor used, 5612,870 , of which $116,450 was indirect. A. nther costs incutred on account for factory overhead, 5142,800; selling expenses, 5220,160 ; and adminutratre expenses, 5130,100 . 1. Depreciation of factory equipment was $27,370; of office equipment, $40,460; and of office building, 529,730 a. factorv overhead costs applied to j0b5,$339,160. 1.. Jobs completed, $785,430. 9. Factory overhead costs applied to johs, $339,160 h. lobis completed 5785,430




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