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5 20 pot Ashville Products manufactures various machined parts to customer specifications. The company uses a job-order casting system and applies overhead cost to jobs

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5 20 pot Ashville Products manufactures various machined parts to customer specifications. The company uses a job-order casting system and applies overhead cost to jobs on the basis of machine hours. At the beginning of the year, it was estimated that the company would work 280.000 machine hours and incu $5.600.000 in manufacturing overhead costs. The company spent the entire month of January working on a large order for 15.700 units of custom made machined parts. The company had no work in process at the beginning of January Cost data relating to January follow 1. Raw materials purchased on account: $184.000 b. Raw materials requisitioned for production, $500.000 (80% direct materials and the restindirect materials) clabour cost incurred in the factory. $285.000 (50% indirect labour and the remaining direct labours d. Depreciation recorded on factory equipment $185.000 Other manufacturing overhead costs incurred. $85.000 (credit accounts payable) Manufacturing overhead cost applied to production on the basis of 14 500 machine hours actually worked during the month 9. Completed job moved into finished goods warehouse on January 3 to walt delivery to customer in computing the doll amount for this entry, remember that the cost of a comploted job consists of direct material direct about and awed overhod) Required: 1. Prepare journal entries to record tems through above conoce como for the moment of no entry is required for a particular transaction, select "No Journal entry required in the first account field) View my work NO Transaction Goal Journal ent Credit 1 4000 Acaba 154.000 & 5 View transaction list View journal entry worksheet No Credit Transaction General Journal Debit 484,000 1 Raw materials Accounts payable 184000 20 po 2 b Work in process Manufacturing overhood Raw matonats 400,000 100,000 500.000 3 Work in process Manufactuning overhead Wages and sales payablo 142 500 142,500 285,000 d 185.000 Manufacturing ovomond Accumulated depreciation 155,000 2 5 35.000 Manufacturing overhead Accounts payable 35.000 290,000 Work in process Manufacturing overhead 200 000 5 2. Prepare T-accounts for manufacturing overhead and work in process Post the relevant items from your journal entries to these Taccounts 20 Manufacturing Overhead 100.000 200,000 142.500 185.000 85.000 Work in Process 400.000 142.500 290 000 5 3. Prepare a journal entry for item (al (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) 20 View transaction test Journal entry worksheet Record transfer of completed units to finished goods wentory Este debes telle credits Debit Credit Transaction 1 General Journal finished goods Work in proces 5 Recora transfer or completed units to the goods inventory. Not: Enter ebes before credits 20 ports Debit Credit Transaction General Journal 1 Finished goods Work in proces FOR Print Record entry Clear entry View general Journal 4. Compute the cost per unit that will appear on the job.cost sheet (Round your answers to 2 decimal places.) UA per unit

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