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Becker Corporation manufactures custom sofas using job-order costing. The transactions for Job 1155 are below. Prepare...

Becker Corporation manufactures custom sofas using job-order costing. The transactions for Job 1155 are below. Prepare the journal entries.

  1. Raw Materials purchase $8500 on account
  2. Issued $7500 raw material into production
  3. Paid for raw materials purchased above
  4. Incurred $10,000 in production labor to be paid at the end of the month
  5. Paid $15,725 cash for maintenance, utilities and miscellaneous for the manufacturing plant
  6. Recognized manufacturing equipment depreciation for $5250
  7. Overhead applied on 175% of material cost (DM issued into production)
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