Job Order Cost System-Journal Entries
Shown Below Is a Partial

Essay

Job order cost system-journal entries
Shown below is a partial list of accounts for Miles Mfg. Co., followed by a list of transactions. Indicate the accounts that would be debited and credited in recording each transaction by placing the appropriate account numbers in the space provided. The company uses a job order cost accounting system.
$$\begin{array} { | l | l | l | } \hline \text { (1) Cash } & \text { (6) } & \text { Cost of Goods Sold } \\\hline \text { (2) Materials Inventory } & \text { (7) } & \text { Direct Labor } \\\hline \text { (3) Work-in-Process Inventory } & \text { (8) } & \text { Manufacturing Overhead } \\\hline \text { (4) Finished Goods Inventory } & & \text { (controlling account) } \\\hline \text { (5) Sales } & & \\\hline\end{array}$$