King Tool is a machine shop that uses job order costing. Overhead is applied to individual jobs at a predetermined rate based on direct labor costs. The following is a job cost sheet for job number $321$: King Tool Is a machine shop that uses job order costing. Overhead is applied to Individual jobs at a predetermined rate based on direct

labor costs. The following is a job cost sheet for job number $321$:

Required:

a$.$ Summarlze the manufacturing costs charged to job number $321.($Use one compound entry.$)$

b$.$ Record the completion of job number $321.$

c$.$ Record the credit sale of $1,900$ unlts from Job number $321$ at a unit sales price of $$10.$ Record in a separate entry the related cost of

goods sold.

Prepare general journal entrles to the above statements:

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

Journal entry worksheet

Record the manufacturing costs incurred on job number $321.$

Note: Enter debits before credits.

JOB COST SHEET

JOB NUMBER: $321$ DATE STARTED: May $10$

PRODUCT: $2"$ Brass Check Valves DATE COMPLETED: May $21$

UNITS COMPLETED: $5,000$

Direct materials used $ $7,100$

Direct labor $1,400$

Manufacturing overhead applied $3,000$

Total cost of job number $321$ $ $11,500$

Unit cost $($$$11,500-$: $5,000$ units$)$ $ $2\mathrm{.}30$

Required:

Summarize the manufacturing costs charged to job number $321.($Use one compound entry.$)$

Record the completion of job number $321.$

Record the credit sale of $1,900$ units from job number $321$ at a unit sales price of $$10.$ Record in a separate entry the related cost of goods sold.