Cool Sun produces awnings and screens. Prepare journal entries to reflect the following transactions. After you complete the entries, determine the amount to include in raw materials, work in process, and finished goods. Aug.4,20X5 Aug.8,20X5 Aug.8,20X5 Aug.9,20X5 Aug. 10, 20X5 Purchased fabric and aluminum to be used in the manufacturing process. The purchase price was $4,000, on account. Transferred 60% of the raw materials purchased on August 4 into production. Incurred direct labor costs of $3,000. Factory overhead is applied at 40% of the direct labor cost. Transferred completed awnings with total assigned costs of $4,400 to finished goods. Sold and delivered half of the finished goods {from August 9) to a customer for $4,000 cash. GENERAL jOURNAL Date 8-4-X5 88-X5 89X5 8-10-X5 810X5 Accounts Raw Materials Inventory Accounts Payable To record purchase of raw materials Work in Process Raw Materials Inventory Salaries Payable Factory Overhead To transfer raw materials to production, record direct labor costs on job, and apply overhead at the predetermined rate Finished Goods Inventory Work in Process To transfer completed units to nished goods inventory Cash Sales To record sale of nished awning for $4,000 Cost of Goods Sold Finished Goods Inventory 4,000 6,600 4,400 4,000 2,200 4,000 2,400 3,000 1,200 4.400 4,000 2.200 l: on Question 2 How much do you need to DEBIT the Work-in-Process account for the following transaction? Aug. 8, 20x5 - Transferred 60% of the raw materials purchased on August 4 into production. 2,400 1 pts Question 3 1 pts In the end, the Raw Materials account would contain an ending balance of? Question 4 1 pts In the end, the Work-in-Process account would contain an ending balance of? D Question 5 1 pts In the end, the Finished Goods Inventory account would contain an ending balance of