Prepare the journal entries for Job 293 (Learning Objectives 3, 4, S)

The chapter followed Job 293 through E-Z-Boy’s job costing system. The completed job cost record for Job 293 is shown in Exhibit 3-11. Prepare the summary journal entries that would have been recorded in E-Z-Boy’s accounting records to reflect the costs assigned to Job 293 and the journal entry to record the transfer of Job 293 to the finished goods storage area. Assume that E-Z-Boy was able to sell all ten recliners at a markup of 150% over manufactured cost. Prepare the journal entry to record the sale (assume a perpetual inventory system).