I'm working on a Job Order Costing problem for Managerial Accounting, I'm stuck on some journal entries that were marked incorrect. I'm looking for some expert advice on how to correctly work these problems. As you can see towards the very end of this very long question, my amounts for Factory Overhead, Wages Expense, Wages Payable, and Cash are incorrect. I addition to my journal entry for Cost of Goods Sold and Factory Overhead. Finally, my answer for the "Cost of Goods Sold" for balances as of December 31st was also incorrect.

Illustrated below is the information provided for the question. Again, I appreciate your help on this. Thanks in advance!

Purl of Great Price Company

Maria Young is the sole stockholder of Purl of Great Price Company (POGP Company), which produces high-end knitted sweaters and sweater vests for sale to retail outlets. The company started in January of the current year, and employs three knitters (each of whom work 40 hours per week) and one office manager/knitting supervisor (this employee works 20 hours per week as office manager, and 20 hours per week as knitting supervisor). All wages are paid in cash at the end of each month.

Each knitter has a knitting machine that is used about 2/3 of the knitter's time, the rest of the knitter's time being involved in hand knitting and piecing together the garments. The company also has a packaging machine used to wrap the garments in plastic for shipping, which is operated by the office manager/knitting supervisor approximately 5 hours per week.

The knitting machines were purchased on January 1 of the current year, and cost $2,400 each, with an anticipated useful life of 10 years and no salvage value. The packaging machine was purchased on the same date and cost $4,800, with the same anticipated useful life and salvage value.