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Using job order cost accounting system

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Prepare journal entries to record the following transactions and events for April using a job order cost accounting system.

(a) Purchased raw materials on credit, $69,000.

(b) Raw materials requisitioned: $26,000 direct and $5,400 indirect.

(c) Factory payroll totaled $46,000 (paid in cash), including $9,500 indirect labor.

(d) Paid other actual overhead costs totaling $14,500 cash.

(e) Applied overhead totaling $28,200.

(f) Finished and transferred jobs totaling $77,500.

(g) Jobs costing $58,800 were sold on credit for $103,000.

Reference no: EM13825483

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