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Business, 13.03.2021 03:40 pineappledogpie4970

Prepare the journal entries needed based on the following information: Estimated overhead for the month: $6,000 Estimated direct labor hours: 2,000 Purchased $35,000 of materials Requisitioned $10,000 of materials to be placed into production Incurred $4,000 of direct labor during the month (500 hours) Incurred the following actual factory overhead amounts: Utilities: $1,000 Indirect materials: $500 Indirect labor: $1,000 Rent: $1,500 Completed two jobs with a cost of $18,000 Sold both jobs completed at price

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