Paulson Enterprises uses a job costing system.Record the following transactions in Paulson Enterprises's general journal for the current month:
a)Purchased raw materials on account,$75,000.
b)Requisitioned $44,500 of direct materials and $7,000 of indirect materials for use in production.
c)Factory payroll incurred,$90,000; 80% direct labor,20% indirect labor.
d)Recorded depreciation expense factory equipment $12,000,and other manufacturing overhead of $42,100 (credit accounts payable).
e)Allocated manufacturing overhead costs based on 120% of direct labor cost.
f)Cost of completed production for the current month,$142,000.
g)Cost of finished goods sold,$115,000; selling price,$175,000 (all sales on account).

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The Answer of  Paulson Enterprises uses a job costing system.Record the following transactions in Paulson Enterprises's general journal for the current month:
a)Purchased raw materials on account,$75,000.
b)Requisitioned $44,500 of direct materials and $7,000 of indirect materials for use in production.
c)Factory payroll incurred,$90,000; 80% direct labor,20% indirect labor.
d)Recorded depreciation expense factory equipment $12,000,and other manufacturing overhead of $42,100 (credit accounts payable).
e)Allocated manufacturing overhead costs based on 120% of direct labor cost.
f)Cost of completed production for the current month,$142,000.
g)Cost of finished goods sold,$115,000; selling price,$175,000 (all sales on account).

Paulson Enterprises Uses a Job Costing System