10.00 points a year, the company estimated its total manufacturing overhead cost at $420,000 and total machine hours at 60,000 During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Direct materials used Direct labor Machine hours s 19,200 $ 28,800 $ 14,400 S 11.200 5 9,600 9,600 S 43,200 5 49.600 1,000 hours 4,000 hours 2,000 hours 7,000 hours Job 101 was completed and sold for $60,000 Job 102 was completed but not sold Job 103 is stil in process Actual overhead costs recorded during the first month of operations totaled $45,000. Required 1. Prepare a jourmal entry showing the transfer of Job 102 into Finished Goods Inventory upon ts completion 3. Prepare the journal entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations.) the journal entries to recognize the sales revenue and cost of goods sold for Job 101 View transaction list O Record the transfer of completed job 102 to finished goods inventory Record the transfer of the job sold to cost of goods sold account. 3 Record sales revenue and cash received Record the transfer of the manufacturing overhead account balance to cost of goods sold. 4