EX $3-25($Algo$)$ Basic Journal Entries in Job$-$Order Costing $($LO $3-5)$

Remote Education Technology, Incorporated started and finished job number B$67$ during June. The job required $$46,200$ of direct

material and $400$ hours of direct labor at $$18$ per hour. The predetermined overhead rate is $$6$ per direct$-$labor hour.

Required:

Prepare journal entries to record the incurrence of production costs and the completion of job number B$67.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

Record transfer of job costs from work in process to finished goods inventory.

Note: Enter debits before credits.