Assign costs to work in Prepare entries for completion and sale of jobs. LO5, AP Apply manufacturing overhead and determine under- overapplication. (LO 6AN The Navigator Prepare journal entries for manufacturing costs LO2, AP LO3,4, AP Job 202 $9,000 8,000 008'6 Job 201 $7,200 4,000 5,200 expired, and depreciation on the factory building is $9,500. 312. Job 310 cost $60,000 and Job 312 cost $50,000. Job 312 was sold on account for $90,000. Journalize the entries for the completion of the two jobs and the sale of Job 312. labor cost. During the month, Eckstein incurred $100,000 of factory labor costs, of which $85,000 is direct labor and $15,000 is indirect labor. Actual overhead incurred was $115,000. Compute the amount of manufacturing overhead applied during the month. and $9,000 relates to payroll taxes payable. Direct materials Direct labor Manufacturing overhead Determine the amount of under- or overapplied manufacturing overhead. DO IT! REVIEW ing costs. record manufacturing overhead.) from the data on the job cost sheets. following.
