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Pharoah Manufacturing Company employs a job order cost system and keeps perpetual inventory records. The following transactions

occurred in the first month of operations:

Direct materials requisitioned during the month:

Direct labor incurred and charged to jobs during the month was:

Manufacturing overhead was applied to jobs using a predetermined overhead rate based on $75\%$ of direct labor costs.

Actual manufacturing overhead costs incurred during the month amounted to $$59,400.$

Job $101$ consisting of $1,000$ units and Job $103$ consisting of $200$ units were completed during the month.

$($a$)$

Prepare journal entries to record the above transactions. $($Credit account titles are automatically indented when the amount is entered.

Do not indent manually. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Credit

Work in Process Inventory Prepare journal entries to record the above transactions. $($Credit account titles are automatically indented when the amount is entered.

Do not indent manually. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

Work in Process Inventory

Raw Materials Inventory

Work in Process Inventory

Work in Process Inventory

$54000$

Manufacturing Overhead

Manufacturing Overhead

$59400$

Accounts Payable

Finished Goods Inventory

Work in Process Inventory

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List of Accounts

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