Indell Corporation uses a job costing system.Record the following transactions in Indell Corporation's general journal for the current month:
a.Purchased raw materials on account, $24,000.
b.Requisitioned $36,900 of direct materials and $7,200 of indirect materials for use in production.
c.Factory payroll incurred, $68,000; 70% direct labour, 30% indirect labour.
d.Recorded depreciation expense factory equipment $11,500, and other manufacturing overhead of $31,570 (credit accounts payable).
e.Allocated manufacturing overhead costs based on 120% of direct labour cost.
f.Cost of completed production for the current month, $103,000.
g.Cost of finished goods sold, $81,000; selling price, $125,000 (all sales on account).

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The Answer of Indell Corporation uses a job costing system.Record the following transactions in Indell Corporation's general journal for the current month:
a.Purchased raw materials on account, $24,000.
b.Requisitioned $36,900 of direct materials and $7,200 of indirect materials for use in production.
c.Factory payroll incurred, $68,000; 70% direct labour, 30% indirect labour.
d.Recorded depreciation expense factory equipment $11,500, and other manufacturing overhead of $31,570 (credit accounts payable).
e.Allocated manufacturing overhead costs based on 120% of direct labour cost.
f.Cost of completed production for the current month, $103,000.
g.Cost of finished goods sold, $81,000; selling price, $125,000 (all sales on account).

Indell Corporation Uses a Job Costing System