3.

Record the application of factory overhead to Job 821

Work-in-process inventory job 821

25

Factory Overhead applied Production department (20 x $1.25)

25

4.
Work-in-process inventory Job 821
(1)
(2)
(3)
Bal.

925
117
25
$ 1,067

Entry :
Finished goods inventory
1,067
Work-in-process inventory
1,067
Entry :
Account Receivable Sonar Sound Supply (1,067 x $15)
Cost of good sold
1,067
Finished goods inventory
Sales
Entry :
Selling and admistrative expepenses (2% x 16,005)
Cash

16,005
1,067
16,005

320.1
320.1

Job order cost sheet for job 821

Direct Materials
Date
11/4

Requisting
Number
492

Total

Selling Price
Factory cost :
Direct material
Direct labor

Direct Labor
Amoun
t
$ 925

$ 925

Date
13/4
14/4
15/4
16/4
17/4
18/4
Total

$ 16,005
925
117

Amount
$ 19,5
19,5
19,5
19,5
19,5
19,5
$ 117

Factory overhead
(applied)
Date
18/4

Total

Amount
$ 25

$ 25

Factory overhead
25
Gross Profit
Selling and Administrative
Expenses (2% of selling price)
Esimated profit

1,067
$

(320.1)
746.9