Entries for Costs in Job Order Costing
Royal Technology Company uses job order costing. The following data summarize the operations related to
production for March:
a Materials purchased on account, $
b Materials requisitioned, $ of which $ was for general factory use.
c Factory labor used, $ of which $ was indirect.
d Other costs incurred on account for factory overhead, $; selling expenses, $; and
administrative expenses, $
e Prepaid expenses expired for factory overhead were $; for selling expenses, $; and for
administrative expenses, $
f Depreciation of factory equipment was $; of office equipment, $; and office building,
$
g Factory overhead costs applied to jobs, $
h Jobs completed, $
i Cost of goods sold, $
Required:
Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it
blank.
a Materials purchased on account, $
Entry
Description
Debit
Credit
a
b Materials requisitioned, $ of which $ was for general factory use.
c Factory labor used, $ of which $ was indirect.
d Other costs incurred on account for factory overhead, $; selling expenses, $; and
administrative expenses, $
Entry
Description
Debit
d
h Jobs completed, $
Entry
Description
Debit
Credit
h
i Cost of goods sold, $
Entry
Description
Debit
Credit
i
i
