Golden Apparel Company uses a job order cost system. The following data summarizes the operations related to production for March:
Materials purchased on account $233000.
Materials requisitioned $208300 of which $5600 was for general factory use.
Factory labor used $190500 of which $62500 was indirect.
Other costs incurred on account were for factory overhead $89300; selling expenses $64000; administration expenses $37800.
Prepaid expenses for factory overhead were $7500; for selling expense $1300; and for administrative expenses $1250.
Depreciation of factory equipment was $18900; of office equipment $14700; and of store equipment $2600.
Factory overhead costs applied to jobs $190000.
Jobs completed $583300.
Cost of goods sold $577700.
Instructions: Journalize the entries to record the summarized operations.
Golden Apparel Company uses a job order cost system. The following data summarizes the operations related to production for March:
Materials purchased on account $233000.
Materials requisitioned $208300 of which $5600 was for general factory use.
Factory labor used $190500 of which $62500 was indirect.
Other costs incurred on account were for factory overhead $89300; selling expenses $64000; administration expenses $37800.
Prepaid expenses for factory overhead were $7500; for selling expense $1300; and for administrative expenses $1250.
Depreciation of factory equipment was $18900; of office equipment $14700; and of store equipment $2600.
Factory overhead costs applied to jobs $190000.
Jobs completed $583300.
Cost of goods sold $577700.
Instructions: Journalize the entries to record the summarized operations.
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