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Business, 08.07.2019 17:10 lwaites18

Instructions: 1. print this document 2. write your name at the top 3. complete the assignment by hand 4. scan the completed assignments 5. submit the assignment though canvas manderlee inc., a manufacturer of custom tiaras uses a job order cost system. the following data summarize the operations related to production for april 2020, the first month of operations. a) purchased materials on account $12,000 b) materials requisitioned from the stock room: job materials no. 607 $ 5,000 no. 608 4,000 indirect material 500 total 9,500 c) factory labor accrued for the month: job labor hours no. 607 $ 1,500 100 hrs no. 608 750 50 hrs indirect labor 250 total 2,500 d) factory overhead costs incurred on account, $1,000. e) the factory overhead rate is $12 per direct labor hour. f) only job no. 607 was completed and transferred to finished goods during april. 1. complete the job cost sheet: job dm dl foh total no. 607 540 $ 540 no. 608 180 $ 180 accounting 1b written assignment chapter 16 – job order costing m. baker page 2 2. journalize all transactions and calculate: a) purchase of materials b) material requisition c) payment of wages d) receipt of bill for factory overhead costs e) apply factory overhead f) transfer of the completed job to finished goods general journal page date description ref debit credit 1 1 2 2 3 3 4 4 5 5 6 6 7 7

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