Anderson Enterprises Uses a Job Costing System

Essay

Anderson Enterprises uses a job costing system. Record the following transactions in Anderson Enterprises' general journal for the current month:
a)Purchased raw materials on account, $82,000.
b)Requisitioned $41,300 of direct materials and $9,000 of indirect materials for use in production.
c)Factory payroll incurred, $110,000; 75% direct labor, 25% indirect labor.
d)Recorded depreciation expense factory equipment $15,000, and other manufacturing overhead of $56,200 (credit accounts payable).
e)Allocated manufacturing overhead costs based on 125% of direct labor cost.
f)Cost of completed production for the current month, $133,000.
g)Cost of finished goods sold, $112,000; selling price, $162,000 (all sales on account).