Toronto Inc., has accumulated the following costs for job 45-TF at June 1.

Direct materials ...............................$26,400

Direct labour ($14 per hr) ......................5,600

Manufacturing overhead .......................3,920

The company uses normal costing system and applies manufacturing overhead on the basis of direct labour costs. During

June the company completed the job 45-TF by adding $4,000 for direct material and 200 direct labour hours.

Instructions

(a) Prepare the proper entry to record the manufacturing costs for job 45 FT during month of June.

(b) Prepare the proper entry to record to transfer costs of job 45-TF from the work process to finished goods.