1) Prepare the journal entry to transfer costs from Work in Process to Finished Goods.

2) Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account.

3) Prepare a schedule of cost of goods sold.

4) Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Foundational [LO3-1, LO3-2, LO3-3, LO3-4, L03-5, LO3-6, LO3-7 [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $14,800 $1.60 3,700 $21,000 Direct materials Direct labor cost Actual direct labor-hours worked Job PJob Q $ 21,500 $ 9,700 $44,800 $12,000 2,800750 Foundational [LO3-1, LO3-2, LO3-3, LO3-4, L03-5, LO3-6, LO3-7 [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor-hours to be worked Total actual manufacturing overhead costs incurred $14,800 $1.60 3,700 $21,000 Direct materials Direct labor cost Actual direct labor-hours worked Job PJob Q $ 21,500 $ 9,700 $44,800 $12,000 2,800750