Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 14

Entries for costs in a job order cost system
DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May:
a. Materials purchased on account, $634,000.
b. Materials requisitioned, $646,200, of which $74,500 was for general factory use.
c. Factory labor used, $660,200, of which $91,200 was indirect.
d. Other costs incurred on account for factory overhead, $147,500; selling expenses, $234,000; and administrative expenses, $146,400.
e. Prepaid expenses expired for factory overhead were $29,200; for selling expenses, $26,800; and for administrative expenses, $18,000.
f. Depreciation of office building was $84,600; of office equipment, $43,340; and of factory equipment, $32,000.
g. Factory overhead costs applied to jobs, $362,000.
h. Jobs completed, $1,002,000.
i. Cost of goods sold, $890,000.
Instructions
Journalize the entries to record the summarized operations.