Custom Floral, Inc., produces special-order artificial flower arrangements, so it uses a job order costing system. Overhead is applied at the rate of 80 percent of direct labor cost. The following is a list of transactions for June:

June 1		Purchased direct materials on account, $300.
2		Purchased indirect materials on account, $50.
4		Requested direct materials costing $250 ($200 used on Job AX and $50 used on Job BY) and indirect materials costing $40 for production.
10		Paid the following overhead costs: utilities, $40; manufacturing rent, $300; and maintenance charges, $10.
15		Recorded the following gross wages and salaries for employees: direct labor, $1,000 ($700 for Job AX and $300 for Job BY); indirect labor, $300.
15		Applied overhead to production.
16		Completed and transferred Job AX and Job BY to finished goods inventory; total cost of both jobs was $2,050.
20		Delivered Job AX to the customer; total production cost was $1,460 and billed customer for the sales price $2,000.
30		Recorded these overhead costs (adjusting entries): prepaid insurance expired, $30; and depreciationmachinery, $150.

f300 15 Applied ovarhead to produxtion 16 completed d transfermd 11) AX and Jab RY ta finished goods inventory, tatal st of both jabs was $2,D50. 70 D livered 1ab to th customer, tatal arolation cost was s1 ,4 and billed aston r for tha sales price $?,naD. 30 Recanded these ovarhaad costs (adjusting entries) : Prepaid insurance xpirad$30; and dapiasiatian-machinery, $15D 1. Racord the entries for all transactiana in une usng T accaunts far the fallowing: Mateials Invantory, Wonk in Process Inventory, Finishad Goods Ientory, averhead, Cash, Accounts Receivable, Prepaid Inaurance, Accumulaced Deareciation-Machinery, Accounts Paveble, Seles, and Cost of Goods Sold. Determine the par al account balances. Assu e no oeginning inventory balances. Also ssu e that when the payrol was recorded, entries were made to the Payroll Payeble sccount. 2. Gompute the amount of underapplied ar avereppied ove head as of une 30 and transter it to the Cost of Goods Sold atcount IF no amount should be entered, pleese, enter zero. Enter the transections in chronological order. In case two transections of the seme date should be recorded using the same T eccount, enter thern in the same order they ere provided in the list of transections Materials Inventory 300 2 250 500 1 -Select- End. bal Work in Process Inventory -Select- -Select- End. bal. Finished Goods Inventory l -select- -select- End. bal Overhead -Select- -select- Select- End. bal. End. bal