Refer to the data in E11- 38B.

Bump Guard, which uses a standard cost accounting system, manufactured 160,000 boat fenders during the year, using 1,060,000 feet of extruded vinyl purchased at $ 1.15 per foot. Production required 4,200 direct labor hours that cost $ 15.00 per hour. The materials standard was 6 feet of vinyl per fender at a standard cost of $ 1.30 per foot. The labor standard was 0.028 direct labor hour per fender at a standard cost of $ 14.00 per hour.

Requirements

1. Make journal entries to record the purchase and use of direct materials.

2. Make journal entries to record the direct labor.