NUC

Recinto de Bayamón

Tarea 2.2 conjunto A

Entries for cost in job order cost system

Neisha Castellanos

Prof. Ángel V. Nieves Vega

ACCO 3520 -0113ONL

PR 2-1 A
Entries for cost in job order cost system.
Munson Co uses a job order cost system. the following data summarize the operation related to
production for July:

A. Materials purchased on account, $225,750.

B. Materials requisitioned, $217,600 of wish $17,600 was for general factory

use.

C. Factory labor used $680,000 of wish $72,300 was indirect.

D. Other cost incurred o n account for factory overhead were $330,000 for
selling expenses $180,000 and for administrative expenses $126,000.

E. Prepaid expenses expired for factory overhead were $27,500 for selling
expenses $8,100 and for administrative expenses, $5,250.

F. Depreciation of office building was $44,500; of office equipment, $16,800;

and of factory equipment, $55,100.

G. Factory overhead cost applied to joibs$548,000.

H. Jobs completed, $1,140,000.

I. Cost of goods sold, $1,128,000.

 A Materials 225,750
Accounts payable 225,750
B Work in process 200,000
Factory overhead 17,600
Materials 217,600
C Work in process 607,700
Factory overhead 72,300
Wages payable 680,000
D Factory overhead 330,000
Selling expenses 180,00
Administrative expenses 126,000
Account payable 636,000
E Factory overhead 27,500
Selling expenses 8,100
Administrative expenses 5,250
Prepaid expenses 40,850
F Depreciation expense- office building 44,500
Depreciation expense-office 16,800
equipment
Factory overhead 55,100
Accumulated depreciation -building 116,400
and equipment
G Work in process 548,000
Factory overhead 548,000
H Finished goods 1,140,000
Work in process 1,140,000
I Cost of goods sold 1,128,000
Finished goods 1,128,000

References

Warren, C.S Reeve,. J.M. & Duchac, J.E (2016) managerial accounting (13 ed) Boston, MA:
Cengage learning.