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BC Company uses a job order cost accounting system. During the month of April, the following events occurred:

(a) Purchased raw materials on credit, $32,000.

(b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials.

(c) Paid factory payroll for the month totaling $37,700 which includes $8,200 indirect labor.

(d) Assigned the factory payroll to jobs and overhead.

Make the necessary journal entries to record the above transactions and events.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946024

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