$2.$ On Feb $1$st $2024$ Wilma$$s Wedding Cake Company orders and receives $$23,450$ in Direct Materials and pays cash. $($a$)$

Wilma$$s Wedding Cakes has the following Job Order Cost Sheet for Customer # $42$s Wedding Cake Order:

$($b$.)$ Direct Materials $$875$

$$ Direct Labor $$1,250$

$($d$)$ Manufacturing Overhead $$650$

Required:

Record all the entries in the Journal and update the WIP Account for #$42$ for the following entries:

a$.$ The purchase of the Direct Materials

b$-$d$.$ The $3$ costs for Job # $42$

e$.$ Assume the cake is finished and transferred to Finished Goods

f$.$ The customer picks up the cake and pays Winsome $$5,000$ for the Wedding Cake

What is the Gross Profit on$.$ The Wedding Cake for Wilma?