Dillon Products manufactures various machined parts to customer specifications. The company uses ajob-order costing system and applies overhead cost tojobs on the basis of machine-hours. At the beginning ofthe year. the company used a cost formula to estimate that it would incur 954316.800 in manufacturing overhead cost at an activity level of 568.000 machinehours. The company spent the entire month of January working on a large orderfor 12,800 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account. $313,000 b. Raw materials used in production, $270,000 (80% direct materials and 20% indirect materials}. c. Labor cost accrued in the factory. $171,000 {onethird direct labor and twothirds indirect labor}. d. Depreciation recorded on factory equipment. $63,300. e. Other manufacturing overhead costs incurred on account, $86,000. f. Manufacturing overhead cost was applied to production on the basis of 40.780 machinehours actually worked during the month. g. The completedjobtor12,800 custommade machined parts was moved into the finished goods warehouse on January 31 to await delivery to the customer. [In computing the dollar amount for this entry. rememberthat the cost ofa completedjob consists of direct materials, direct labor. and applied overhead} Required: 1. Prepare journal entries to record items (a) through {f} above [ignore item (g) for the moment]. 2. Prepare Taccounts for Manufacturing Overhead and Work in Process. Post the relevant items from yourjournal entries to these T accounts. 3. Prepare ajournal entry for item (g) above. 4. lf10,500 of the custom-made machined parts are shipped to the customer in February, how much ofthisjob's cost will be included in cost of goods sold for February? Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 2 3 5 6 Raw materials purchased on account, $313,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journalComplete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant item5 from yourjoumal entries to these Taccounts. d. ( Required'l Required ) Complete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a journal entry for item (g) above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to transfer from WIP to Finished goods. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journalComplete the question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If 10,500 of the custommade machined parts are shipped to the customer in February, how much of this job's cost will be included in cost of goods sold for February? (Round your intermediate calculations to 2 decimal places and nal answer to the nearest whole dollar amount.) { Required 3 Journal entry worksheet