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JamJee Enterprises uses a job costing system. Record the following transactions in Jamee Enterprise's general...

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Accounting

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JamJee Enterprises uses a job costing system. Record the following transactions in Jamee Enterprise's general journal for the current month Purchased raw materials on account, $49.000 b. Requisitioned $25 200 of direct materials and $3,400 of Indirect materials for use in production e Factory payroll incurred, $54.000, 70% direct labour, 30% indirect labour d. Recorded depreciation expense factory equipment 59.200, and other manufacturing overhead of $26,870 (credit accounts payable) Alocated manufacturing overhead costs based on 120% of direct labour cost Cost of completed production for the current month 595,800 9 Cost of finished goods sold $79.000 selling price $115.000 (all sales on account)

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