Smith Die Company manufactures cutting dies for the shoe industry. Each set of dies is custom designed to a customer€™s templates. During the first week of May, six orders were received from customers. They were assigned job numbers 1005 to 101 0.The following transactions occurred during the first week of May:
Smith Die purchased steel on account from Eastern City Steel costing $5,000.The Company received and paid for supplies (indirect materials) from Mallard Supply costing $2,300. Material requisitions indicated that materials were issued to the factory floor as follows:

The labor time ticket summary reflected the following costs for the week:

Overhead was applied to all jobs in process at 180 percent of direct labor cost. Jobs 1005, 1006, 1007, and 1008 were completed and transferred to finished goods. Jobs 1009 and 1010 were still in process at the end of the week. Jobs 1005, 1006, 1007, and 1008 were shipped to customers and billed at 150 percent of total job cost.

Required
a. Calculate the total cost of each job.
b. Prepare journal entries to record the aboveinformation.

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Job No. 1005 1006 1007 1008 1009 1010 Totals Direct Materials Indirect Materials 600 800 1,500 600 400 300 $4,200 $800 Job No. 1005 1006 1007 1008 1009 1010 Totals Direct Labor $1,500 1,900 3,200 1,300 800 600 59,300 Indirect Labor $6,400