Royal technologies careers
Asked by maham237 @ in Business viewed by 250 People
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:Mar. 1 Materials purchased on account, $770,000.2 Materials requisitioned, $680,000, of which $75,800 was for general factory use.31 Factory labor used, $756,000, of which $182,000 was indirect.31 Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600.31 Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660.31 Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900.31 Factory overhead costs applied to jobs, $568,500.31 Jobs completed, $1,500,000.31 Cost of goods sold, $1,375,000.Journalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles.