Sterling Products Company uses a job- order costing system. Thecompany incurred the following manufacturing costs duringMarch:
a. Purchased materials on credit,$58,800.
b. Issued materials to production as follows: direct,$51,000;indirect,$111,300.
c. Incurred factory wages,$59,400.
d. Allocated factory wages to production as follows:direct,$45,000;indirect,$14,900.
e. incurred factory overhead costs on account,$2,500.
f. Recognized other factory overhead costs as follows:depreciation of equipment,$4,00; depreciation ofbuilding,$5,000;expired insurance,$600; accrued property taxes,$1,800.
g. Applied factory overhead to production,$32,500.
h. completed jobs costing $125,500.
i. Sold finished goods costing $118,900 tovarious customer; billed customers for $161,704
( make two entries ).
Required:
Record these summary transactions in general journal form.
