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Telstar uses job order costing. The T-accounts below summarize its production activity for the year....

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Accounting

Telstar uses job order costing. The T-accounts below summarize its production activity for the year. Raw Materials Inventory Debit Credit 45,000 24,250 8,000 Factory Wages Payable Debit Credit 126,000 85,750 40,250 Factory Overhead Debit Credit 8,000 102,684 40,250 61,370 Work in Process Inventory Debit Credit 24,250 170,320 85,750 102,684 Finished Goods Inventory Debit Credit 170,320 153,290

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