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Just4U Company uses a job order cost system. The following data summarize the operations related to production for the month of January 20xx.
a) Materials purchased on account:
b) Materials requisitioned and Factory labor used:
c) Factory overhead costs incurred on account:
d) Depreciation of machinery and equipment:
e) The factory overhead rate is $50 per machine hour.
Job Order Machine Hours Used601 ............320602 ............225603 ............300604 ............285605 ............312
f) Jobs completed:
g) Jobs shipped and billed: #601: $113,200, #605:$88,350
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