A. Cash sales of inventory: $800. The cost of inventory sold was $350.

B. Selling and Administrative expenses incurred and paid: $1,200.

C. Raw Materials purchased on account: $2,560.

D. Materials requisitioned and used in production: $980.

E. Direct Labor wages incurred during July: $2,875. Direct Labor wages actually paid in July were $2,000.

F. Factory Overhead was allocated to Work in Process Inventory at a predetermined overhead allocation rate of 60% of Direct Labor costs incurred during July.

G. The cost of product completed and moved to the Finished Goods Inventory: $4,675.

H. Sales on account: $2,000. The cost of the units sold was $975. I. Actual Factory Overhead costs for the month of July totaled $2,600. (All paid in cash.)

These journal entries should be input into QuickBooks using the directions provided in Step 3. All entries should be dated "July 31, 2021," and should be auto-numbered through QuickBooks. For the "Description," enter "Journal Entry" and the letter of the adjustment from above. (For example, the description of the first Journal Entry would be Journal Entry A.)

Journal Entry #1 $0 Help X + ACCOUNT DEBITS CREDITS DESCRIPTION NAME Cash 800.00 2 Selling and Administrativa Expenses 1,200.00 3 Raw Materials entory 2.650.00 2,650.00 TI 4 Work in Process Inventory !!! 5 Wages Payable 6 Work in Process Inventory m !!! 7 Finished Cocos Inventory TI & Accounts Receivable m Cost of Good Solo 10 Manufacturing Overheas m 1 Total 230000 2 DOO Add lines Clear all line Mamo Cancel Clear Make recurring Save Save and new