Details Title: Accounting 123- course 3 of 3 Description: Job Order Costing Entries Total Flash Cards: 8 Created: 04/27/2008 18:35:57		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Business Flashcards
Cards in this set: Term Purchased raw materials on account. Definition Raw materials Inventory                                              A/P   Term Started job #310 and applied overhead to job #310 Definition             Goods in process inventory                                             Raw Matl. Invt. Factory Overhead                                              Raw Matl. Invt.  Term Recording payroll Definition Factory Payroll                         Cash   Term Allocated payroll to direct and indirect accounts. Definition             Goods in process inventory                                                   Factory payroll  Factory Overhead                                    Factory Payroll  Term Applied factory overhead Definition Factory overhead                    Cash   Term   Applied % of overhead  Definition Goods in proccess invt.                             Factory Ovrhd.  Term Finished Job #310 Definition Finished Goods Invt.                                     Goods in process Invt.   Term Sold job #310/ or recieved payment for. Definition COGS                                  Finished Goods Invt.  Sales           A/R