Yu Technology Co. manufactures CDs and DVDs for computer software and entertainment companies. Yu uses job order costing. On April 2, Yu began production of 5,700 DVDs, Job 423, for Portrait Pictures for $1.40 sales price per DVD. Yu promised to deliver the DVDs to Portrait Pictures by April 5. Yu incurred the following costs:

Yu Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $495,000 and estimated direct labor costs of $450,000. Job 423 was completed and shipped on April 3.
Requirements
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 5,700 DVDs on account.

Date 4/02 4/03 Labor Time Record No 655 656 Description Amount 10 hours a $18 per hour 180 260 20 hours $13 per hour Materials Date Requisition No 4/02 4/02 4/03 Description Amount 63 64 74 31 lbs. polycarbonate plastic 25 lbs. acrylic plastic$27 per Ib 3 lbs. refined aluminum$45 per lb $12 per lb. 372 675 135