TB Problem $3-134($Algo$)$ Prepare the journal entries...

Purchased $$90,000$ of steel $(9,000$ tons$)$ with cash.

Issued $$80,000$ of steel $(8,000$ tons$)$ into production.

Paid $$16,000$ cash in production labor costs.

Applied overhead at the predetermined rate of $$6$ per ton of steel.

Incurred $$54,000$ of actual overhead costs, paid in cash.

Completed $24,500$ helmets. $($Approximately $$26,400$ of inventory remains in process.$)$

Sold for cash $22,000$ helmets at $$22\mathrm{.}00$ per unit.

$($Hint: Record two entries.$)$

Disposed of any over$-$ or underapplied overhead cost.

Required:

Prepare the journal entries to record each of the above transactions for Viking Company, a company that produces Viking helmets for sale to tourists.

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