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Exercise 5.38 Indigo's Van Service customizes light trucks according to customers' orders. This month the company worked on five jobs, numbered 207 through 211. Materials requisitions for the month were as follows: Other - Carpet Paint Electronics $ 40 $ 365 $ 550 80 185 395 420 190 145 65 - - Total $ 955 660 805 Ticket 207 208 209 210 211 Indirect Total costs - 765 935 $ 750 115 750 $ 4,220 An analysis of the payroll records revealed the following distribution for labour costs: 207 $ 1,500 - 208 $ 1,300 209 $900 Job Direct labour Indirect labour Total costs 210 $1,600 211 $ 400 - Other - $2,200 Total $5,700 2,200 $ 7,900 Other overhead costs (consisting of rent, amortization, taxes, insurance, utilities, etc.) amounted to $3,600. At the beginning of the period, management anticipated that overhead costs would be $6,400 and total direct labour would amount to $5,000. Overhead is allocated on the basis of direct labour dollars. Jobs 207 through 210 were finished during the month; Job 211 is still in process. Jobs 207 through 209 were picked up and paid for by customers. Job 210 is still on the lot, waiting to be picked up. Prepare the journal entries to reflect the incurrence of materials, labour, and overhead costs; the allocation of overhead; and the transfer of units to finished goods and cost of goods sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry Required" for the account titles and enter o for the amounts.) Close overapplied or underapplied overhead to cost of goods sold. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry Required for the account titles and enter o for the amounts.) List Of Accounts Exercise 5.38 Cost of Goods Sold Cost of Services Finished Goods Inventory Miscellaneous Accounts No Entry Required Overhead Cost Control Raw Materials Inventory Service Overhead Wages Payable Work-in-Process Inventory

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