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PA2-4 (Algo) Preparing Journal Entries (LO 2-S1) Tyler Tooling Company uses a job order cost system with overhead applied to
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Answer #1

Journal entries

No General Journal Debit Credit
1 Finished goods (7800+5200+2700*3.4) 22180
Work in process 22180
2 Cost of goods sold (11200+17400+1900*3.4) 35060
Finished goods 35060
3 Account receivable 50200
Sales revenue 50200
4 Manufacturing overhead (18360-13760) 4600
Cost of goods sold 4600

Applied overhead = 5400*3.4 = 18360

Actual overhead = 13760

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