! need your input here please

Problem 2-3 Job-Order Costing: Inventory Accounts and Cost of Goods Sold Smith Die Company manufactures cutting dies for the shoe industry. Each set of dies is custom designed to a customer's templates. During the first week of May, six orders were received from customers. They were assigned job numbers 1005-1010. The following transactions occurred during the first week of May. =>Smith Die purchased steel on account from Eastern City Steel $ 5,500 The company received and paid for supplies (indirect materials) from Mallard Supply $ 2,400 => Material requisitions indicated that materials were issued to the factory floor and labor time Job Number Direct Indirect Materials Materials Direct Labor Indirect Labor 1005 $650 $1,600 1006 850 2,000 1007 1,550 3,300 1008 650 1,400 1009 450 900 1010 350 700 Totals $4,500 $1,000 $9,900 $6,500 Overhead was applied to all jobs in process based on direct labor cost 180% Jobs 1005, 1006, 1007, and 1008 were completed and transferred to finished goods. => Jobs 1005, 1006, 1007 and 1008 were shipped to customers and billed at 150% of total job costs. Required a. Calculate the total cost of each job. 1005 1006 1007 1008 1009 1010 Direct material $ 650 350 $ 1,550 $ 650 $ 450 $ 350 Direct labor 1,600 2,000 3,300 1,400 900 700 Mig. overhead 2,880 3,600 5,940 2,520 1,620 1,260 $ 5,130 $ 6,450 $ 10,790 $ 4,570 $ 2,970 $ 2,310b. Prepare journal entries to record the above information. DR CR To record the purchase of steel To record the purchase of supplies To record materials used in production To record labor To record overhead applied to production To record the cost of jobs completed To record the sale of finished goods