Royal Technology Company uses a job order cost system. The following data summarize the operations...
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Accounting
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: Materials purchased on account, $ Materials requisitioned, $ of which $ was for general factory use. Factory labor used, $ of which $ was indirect. Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $ Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $ Depreciation of factory equipment was $; of office equipment, $; and of office building, $ Factory overhead costs applied to jobs, $ Jobs completed, $ Cost of goods sold, $ Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a Materials purchased on account, $ Entry Description Debit Credit a fill in the blank fill in the blank fill in the blank fill in the blank b Materials requisitioned, $ of which $ was for general factory use. Entry Description Debit Credit b fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank c Factory labor used, $ of which $ was indirect. Entry Description Debit Credit c fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank d Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $ Entry Description Debit Credit d fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank e Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $ Entry Description Debit Credit e fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank f Depreciation of factory equipment was $; of office equipment, $; and of office building, $ Entry Description Debit Credit f fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank g Factory overhead costs applied to jobs, $ Entry Description Debit Credit g fill in the blank fill in the blank fill in the blank fill in the blank h Jobs completed, $ Entry Description Debit Credit h fill in the blank fill in the blank fill in the blank fill in the blank i Cost of goods sold, $
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:
Materials purchased on account, $
Materials requisitioned, $ of which $ was for general factory use.
Factory labor used, $ of which $ was indirect.
Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $
Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $
Depreciation of factory equipment was $; of office equipment, $; and of office building, $
Factory overhead costs applied to jobs, $
Jobs completed, $
Cost of goods sold, $
Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
a Materials purchased on account, $
Entry Description Debit Credit
a
fill in the blank
fill in the blank
fill in the blank
fill in the blank
b Materials requisitioned, $ of which $ was for general factory use.
Entry Description Debit Credit
b
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
c Factory labor used, $ of which $ was indirect.
Entry Description Debit Credit
c
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
d Other costs incurred on account for factory overhead, $; selling expenses, $; and administrative expenses, $
Entry Description Debit Credit
d
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
e Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for administrative expenses, $
Entry Description Debit Credit
e
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
f Depreciation of factory equipment was $; of office equipment, $; and of office building, $
Entry Description Debit Credit
f
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
g Factory overhead costs applied to jobs, $
Entry Description Debit Credit
g
fill in the blank
fill in the blank
fill in the blank
fill in the blank
h Jobs completed, $
Entry Description Debit Credit
h
fill in the blank
fill in the blank
fill in the blank
fill in the blank
i Cost of goods sold, $
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