Date Completed: 8/30/2018 Description: Drayna Pool Applied Manufacturing Overhead Direct Materials Direct Labor Req. No MR 3345 Ticket T 335 T 340 T 385 T 385 Amount Hours Amount Hours Rate Amount $ 738.00 $1,550 1,090 1,230 1,710 2,080 $7,660 36 MR 3372 33 676.50 MR 4251 34 697.00 MR 4263 39 799.50 MR 5236 TT 425 22 451.00 164 $3,362.00 Cost Summary $7,660.00 3,362.00 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.25 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet 1 2 Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of Job 1324 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal Date Completed: 8/30/2018 Description: Drayna Pool Applied Manufacturing Overhead Direct Materials Direct Labor Req. No MR 3345 Ticket T 335 T 340 T 385 T 385 Amount Hours Amount Hours Rate Amount $ 738.00 $1,550 1,090 1,230 1,710 2,080 $7,660 36 MR 3372 33 676.50 MR 4251 34 697.00 MR 4263 39 799.50 MR 5236 TT 425 22 451.00 164 $3,362.00 Cost Summary $7,660.00 3,362.00 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.25 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet 1 2 Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of Job 1324 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal Date Completed: 8/30/2018 Description: Drayna Pool Applied Manufacturing Overhead Direct Materials Direct Labor Req. No MR 3345 Ticket T 335 T 340 T 385 T 385 Amount Hours Amount Hours Rate Amount $ 738.00 $1,550 1,090 1,230 1,710 2,080 $7,660 36 MR 3372 33 676.50 MR 4251 34 697.00 MR 4263 39 799.50 MR 5236 TT 425 22 451.00 164 $3,362.00 Cost Summary $7,660.00 3,362.00 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.25 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet 1 2 Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of Job 1324 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal Date Completed: 8/30/2018 Description: Drayna Pool Applied Manufacturing Overhead Direct Materials Direct Labor Req. No MR 3345 Ticket T 335 T 340 T 385 T 385 Amount Hours Amount Hours Rate Amount $ 738.00 $1,550 1,090 1,230 1,710 2,080 $7,660 36 MR 3372 33 676.50 MR 4251 34 697.00 MR 4263 39 799.50 MR 5236 TT 425 22 451.00 164 $3,362.00 Cost Summary $7,660.00 3,362.00 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.25 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet 1 2 Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of Job 1324 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal Date Completed: 8/30/2018 Description: Drayna Pool Applied Manufacturing Overhead Direct Materials Direct Labor Req. No MR 3345 Ticket T 335 T 340 T 385 T 385 Amount Hours Amount Hours Rate Amount $ 738.00 $1,550 1,090 1,230 1,710 2,080 $7,660 36 MR 3372 33 676.50 MR 4251 34 697.00 MR 4263 39 799.50 MR 5236 TT 425 22 451.00 164 $3,362.00 Cost Summary $7,660.00 3,362.00 Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.25 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.) Journal entry worksheet 1 2 Record the cost of goods sold. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet 1 2 Record the sale of Job 1324 for cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal