Entries and schedules for unfinished jobs and completed jobs
kaymer industries inc. uses a job order cost system. the following data summarize the operations related to production for
january, the first month of operations:
a. materials purchased on account, $26,890.
b. materials requisitioned and factory labor used:
job
materials
factory labor
301
$2,650
$2,000
302
3,230
2,700
303
2,150
1,320
7,260
4,960
4,610
3,780
304
305
306
for general factory use
3,370
2,400
900
2,960
c. factory overhead costs incurred on account, $5,060.
d. depreciation of factory machinery and equipment, $1,420.
e. the factory overhead rate is $55 per machine hour. machine hours used: