6-29 Appendix P. Journal Entr Costs LO2, LOS The following transactions occurred during the month of April for Kearney Company. a. Goods were purchased on account. b. Materials were requisitioned for use in production, $500 for Job #443 and the remainder for Job #444. c. During the month, direct laborers worked 50 hours on Job #443 and 100 hours on Job #444. Direct laborers are paid at the rate of $8 per hour. d. Overhead is applied using a plantwide rate of $7.50 per direct labor hour. e Actual overhead for the month was $1,230 and was paid in cash. f. Job #443 was completed and transferred to Finished Goods. g. Job #442, which had been completed and transferred to Finished Goods in March, was sold on account for cost ($2,000) plus 25 percent. Required 1. Prepare journal entries for transactions (a) through (e). 2. Prepare job-order cost sheets for Jobs #443 and #444. Prepare journal entries for transactions (f) and (8). 3. Prepare schedule of cost of goods manufactured for April. Assume that the beginning balance in the materials account was $1,400 and the beginning balance in the work-in-process account was zero.