Friday, January 27, 2012

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

ACCOUNTING

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.

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