As the bookkeeper of Knight Manufacturing, you are to record the following transactions in the general journal for the month of November:
a. Raw materials of
72,000 were issued from the storeroom.
b. Charged
62,000 of direct labor to production.
c. Supplies costing
7,600 were issued from the storeroom.
d. Incurred indirect labor costs of15,000.
e. The following expenses were charged to overhead: rent,
3,400; supervision,
7,400; depreciation,3,600; electricity,
6,400.
f. Overhead was applied at 90% of direct labor dollars.
g. Transferred completed products costing
155,000 to fi nished goods.
h. Sold products costing
196,000.