Grayson company is a manufacturer that uses a job order cost
system. The following data summarizes the operations related to
production for January, the first month of operations:
Purchased 400 units of materials at $14 per unit on account
Requisitioned 200 units for Job 101 at $12 per unit
Requisitioned 300 units for Job 102 at $14 per unit
Accumulated 700 hours of direct labor on Job 101 at $16 an
hour
Accumulated 600 hours of direct labor on Job 102 at $12 an
hour
Incurred factory overhead costs as follows: indirect materials,
$800; indirect labor, $3400; utilities cost, $1600; factory
depreciation. $2500.
Journalize the entries to record the transactions