FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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In January, Crane Company requisitions raw materials for production as follows: Job 1 $740, Job 2 $980, Job 3 $570, and general
factory use $490. During January, time tickets show that the factory labor of $4,920 was used as follows: Job 1 $1,800, Job 2 $1,310,
Job 3 $1,150, and general factory use $660.
Prepare the job cost sheets for each of the three jobs.
Date
1/31
Date
1/31
Date
1/31
Job 1
Direct Materials
Job 2
Direct Materials
Job 3
Direct Materials
Direct Labor
Direct Labor
Direct Labor
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Transcribed Image Text:In January, Crane Company requisitions raw materials for production as follows: Job 1 $740, Job 2 $980, Job 3 $570, and general factory use $490. During January, time tickets show that the factory labor of $4,920 was used as follows: Job 1 $1,800, Job 2 $1,310, Job 3 $1,150, and general factory use $660. Prepare the job cost sheets for each of the three jobs. Date 1/31 Date 1/31 Date 1/31 Job 1 Direct Materials Job 2 Direct Materials Job 3 Direct Materials Direct Labor Direct Labor Direct Labor
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