True Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. True uses job order costing. On September 2, True began production of 5,000 DVDs, Job 423, for Paradigm Pictures for $ 1.80 sales price per DVD. True promised to deliver the DVDs to Paradigm Pictures by September 5. True incurred the following costs:

Date Labor Time Record No. Description Amount 9/02 655 10 hours @ $14 per hour $140 9/03 656 20 hours @$13 per hour $260

Date Materials Requisition No. Description Amount 9/02 63 31 lbs. Polycarbonate Plastic @ $12 per lb. $372 9/02 64 25 lbs. Acrylic Plastic @ $29 per lb. $725 9/03 74 31 lbs. Refined Aluminum @ $42 per lb. $126

1.	Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate; then allocate manufacturing overhead to the job.
2.	Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid.
3.	Journalize completion of the job and the sale of the 5 comma 0005,000 DVDs on account.