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coreyscott1281
coreyscott1281
19.04.2021 • 
Business

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $814,590.
b. Materials requisitioned, $684,260, of which $88,950 was for general factory use.
c. Factory labor used, $839,030, of which $159,420 was indirect.
d. Other costs incurred on account for factory overhead, $195,500; selling expenses, $301,400; and administrative expenses, $179,210.
e. Prepaid expenses expired for factory overhead were $37,470; for selling expenses, $31,770; and for administrative expenses, $22,810.
f. Depreciation of factory equipment was $37,470; of office equipment, $55,390; and of office building, $109,160.
g. Factory overhead costs applied to jobs, $464,320.
h. Jobs completed, $1,075,260.
i. Cost of goods sold, $1,042,680.

Required:
Journalize the entries to record the summarized operations.

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