Recording spoiled goods. During the month of March 19X7, the following events involving losses from spoilage took place at the Woodridge Corporation. On March 14, a heating mechanism on a cooking machine became defective while Job 743 for 70 units was in production. As a result, four units for which materials had cost $24 were spoiled. Estimated sales value as seconds is $56 each. Total costs accumulated to date on the order are: materials, $420; direct labor,

$735; and manufacturing overhead, $315.

Instructions 1. Give the general journal entry to have the loss on the four spoiled units absorbed by Job 743.

2. Compute the allocation of the estimated market value of the four spoiled items to the individual cost elements on Job 743.

3. The spoiled items were sold for $75 on credit on March 28. Give the general journal entry to record the sale.