determine the cost of total production for each job

prepare journal entries for the following:

Materials purchased

Direct materials used

indirect labor paid and applied to OH

Direct labor paid and assigned to WIP

overhead cost applied to WIP

actual overhead costs

amounts transfer to finish good inventory

cost of goods sold

Perez Mfg's September 30, inventory of raw materials is $145,000. Raw materials purchases is October are $425,000, and factory payroll cost in September is $323,500. Overhead costs incurred in October are: indirect materials, $34,000; indirect labor, $16,000; factory rent, $22,500, factory utilities, $11,500, and factory equipment depreciation $28,000. The predetermined overhead rate is 75% of direct labor costs Job 221 is sold for $405,000 cash in September. Cost of the three jobs worked on in October follow Job 221 Job 222 Job 223 Balances as of Sep 30 Direct Materials $ 16,500 $ 17,000 Direct Labor 24,000 18,000 Applied OH 18,000 13,500 Costs During Oct Direct Materials $ 105,000 $165,000 $ 90,000 Direct Labor 32,000 72,000 120,000 Applied OH Status on Oct 31 Finished (sold) Finished (unsold) In Process