In: Accounting
Maram Manufacturing Company received orders: 1; 2; 3. Orders: 2 and order 3 completed. Order 2 sold. I
nstructions: Prepare job costing schedule. And the necessary journals.
Additional information:
1. Materials used $200,000 distributed 30%; 20%; 50% respectively to the orders.
2. Labor: $20,000; $30,000; $40,000 respectively to the orders.
3. Overhead cost: $10,000; $60,000; $70,000 respectively to the orders.