- Instructions Royal Technology Company Uses A Job Order Cost System The Following Data Summarize The Operations Related 1 (31.12 KiB) Viewed 15 times
- Instructions Royal Technology Company Uses A Job Order Cost System The Following Data Summarize The Operations Related 2 (21.77 KiB) Viewed 15 times
- Instructions Royal Technology Company Uses A Job Order Cost System The Following Data Summarize The Operations Related 3 (23.49 KiB) Viewed 15 times
instructions Royal Technology
Company uses a job order cost system. The following data summarize the operations related to production for March Mar 1 Materials purchased on account, $770,000. 2 Materials requisitioned, $680,000, of which $75,800 was for general factory use. 31 Factory labor used, $756,000, of which $182,000 was indirect 31 Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses $110,500. 31 Prepaid expenses expired for factory overhead were $24,500; for selling expenses $28,420; and for administrative expenses, $16,660. 31 Depreciation of factory equipment was $48,500; of office equipment, 561,800, and of office building. $14,900 31 Factory overhead costs applied to jobs, $568,500 31 Jobs completed, $1,500,000. 31 Cost of goods sold, $1,375,000 Joumalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account ties
Journal Pel Joumalize the entries to record the summarized operations Refer to the Chart of Accounts for exact wonding of accounts PAGE 10 JOURNAL DATE DESCRIPTION POOK NET DESIT I Check My Work CRIT <Previous
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