The following costs were incurred in April by Riders Corp., which produces customized bicycles:

The balance in Work in Process Inventory on April 1 was \(\$ 10,920\), which consisted of \(\$ 7,280\) for Job \#301 and \\($3,640\) for Job \#302. The April beginning balance in Direct Material Inventory was \(\$ 28,990\). Actual overhead is applied to jobs at a rate of \(\$ 2.25\) per dollar of direct labor cost. Job \#301 was completed and transferred to Finished Goods Inventory during April. Job \#301 was delivered to the customer at the agreed-upon price of cost plus 40 percent.

a. Prepare journal entries to record the preceding information.

b. Determine the April ending balance in WIP Inventory. How much of this balance relates to Job #302?

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Direct material purchased on account Direct material used for jobs: Job # 301... Job # 302.. Other jobs. $ 49,400 $29,120 4,680 34,840 $ 68,640