Question
Ded Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on
Ded Aquazona Pool Company is a custom pool builder. The company recently completed a pool for the Drayna family (Job 1324) as summarized on the incomplete job cost sheet below. Assume the company bids its pools at total manufacturing cost plus an additional 28 percent. Job Number: 1324 Date Started: July 8 Date Completed: September 9 Description: Drayna Pool Direct Materials Requisition. Job Cost Sheet Direct Labor Applied Manufacturing Overhead Book Nanber Amount Ticket Bours MR 3345 $1,510 TT 335 20 Amount $412.00 Bours Rate Amount Ask MR 3372 1,080 TT 340 47 968.20 MR 4251 1,250 TT 385 24 494.40 Print MR 4263 1,700) TT 385 26 535.60 MR 5236 1,940 TT 445 21 432.60 erences $ $ 7,560 130 2,842.00 Cost Summary Direct Materials Cost Direct Labor Cost Applied Manufacturing Overhead Total Cost The company applies overhead to jobs at a rate of $10.30 per direct labor hour. 7.560.00 2,042.00 rences Total Cost The company applies overhead to jobs at a rate of $10.30 per direct labor hour. Required: Prepare journal entries to record cost of goods sold and sales revenue for Job 1324. Assume the total cost of Job 1324 is currently in the Finished Goods Inventory Account and that the Draynas paid for the pool with cash. Note: Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places. View transaction lat
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