Homework Help: accounting

Posted by Tonya on Friday, April 1, 2011 at 7:34pm.

prepare entries to record the following summarized operations related to production for a company using a job order cost system:
a. materials purchased on account-$167000
b. prepaid expenses incurred on account-$12200
c. materials pequisitioned:
for production orders-$153700
for general factory use $2700
d. factory labor used:
on production orders-141300
for general factory purposes-12000
e. depreciation on factory equip.-37000
f. experiation of prepaid expenses, chargeable to factory-6100
g. factory overhead costs incurred on account-67000
h. factory overhead applied, based on machine hours-105300
i. jobs finished-415300
j. jobs shipped to customers:cost $412000; selling price-638000

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