Computed total cost of Job 9-601

Direct materials $12,000

Direct labor cost:

Depart. A (450 hours @ $18) $8,100

Depart. B (120 hours @ $18) $2,160 $10,260

Overhead:

Dept. A ($3/DLH x 450 hours) $1,350

Dept. B ($9/machine hour x 800) $7,200

Total Manufacturing Costs $30,810

*Departmental overhead rates are used with Dept. A overhead applied at $3 per direct labor hour and Dept. B overhead applied at $9 per machine hour.

Question:

Provide Journal Entries for this Job assuming this Job was started this month, finished this month, and sold at a selling price that had a selling price equal to (cost + 30% of cost markup).