Fineas Co. use the Job Order Costing system to determine product costs. Before entering 2020, the company has created a production budget, with an estimated total manufacturing overhead of $ 12,000,000 with 300,000 direct labor hours. As of 1 January 2020, the WIP estimate balance is $ 89,000 with the following details:

The following are transactions that took place during the month of April (use perpetual records):

01/04 Purchase of raw materials from Atharrazka Shop in cash for $ 80,000.

07/04 The use of raw materials for the production process is $ 150,000 with details for job 211 of 25% with Req. No. 001, job 212 by 35% with Req. No. 002, job 213 by 20% with Req. No. 003, while the rest is used for indirect raw materials with Req. No. 014.

 09/04 The raw materials that have been used for job 212 are returned to the warehouse for $ 12,000.

 12/04 The demand for raw materials for job 211 is $ 10,000.

18/04 The use of direct labor for the following jobs at a rate of $ 30 / Direct Labor Hours (DLH):

20/04 Record overhead costs of $ 140,000, of which 35% is for factory electricity payments, 40% is for factory repair expenses, 25% is for factory maintenance expenses.

25/04 The predetermined OH rate for which the number of applications is determined as follows:

27/04 Job 211 and Job 212 have been completed and immediately transferred to a finished goods warehouse and job 212 has been successfully sold to PT. Happy in cash with a 15% mark up from COGS, 020 sales invoice.

30/04 Close over / under applied overhead to COGS.

Requested:

journals for the above transactions!
 
 

Direct Material Direct Labor FOH Applied Total (WIP) Job 211 $12,000 8,000 9,000 29,000 Job 212 Job 213 $16,000 $6,000 7,000 9,000 15,000 7,000 38,000 22,000