Dillon Products manufactures varlous machined parts to customer specifications. The company uses a job$-$order costing system and applies overhead cost to jobs on the basis of machine$-$hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $$4,267,500$ in manufacturing overhead cost at an activity level of $569,000$ machine $-$ hours.

The company spent the entire month of January working on a large order for $12,400$ custom$-$made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow.

a$.$ Raw materlals purchased on account, $$315,000.$

b$.$ Raw materials used in production, $$257,000(80\%$ direct materlals and $20\%$ indirect materlals$).$

c$.$ Labor cost accrued in the factory, $$153,000($one$-$third direct labor and two$-$thirds Indirect labor$).$

d$.$ Depreclation recorded on factory equipment, $$62,900.$

e$.$ Other manufacturing overhead costs incurred on account, $$85,900.$

f$.$ Manufacturing overhead cost was applied to production on the basis of $40,960$ machine$-$hours actually worked during the month.

g$.$ The completed Job for $12,400$ custom$-$made 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, remember that the cost of a completed job consists of direct materlals, direct labor, and applied overhead.$)$

Requlred:

Prepare journal entries to record items $($a$)$ through $($f$)$ above $[$Ignore Item $($g$)$ for the moment$].$

Prepare T$-$accounts for Manufacturing Overhead and Work in Process. Post the relevant Items from your journal entrles to these Taccounts.

Prepare a joumal entry for Item $($g$)$ above.

If $11,000$ of the custom$-$made 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?

Complete the question by entering your answers in the tabs below.

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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.$)$

Journal entry worksheet

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Raw materials purchased on account, $$315,000.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[$a$.,,,]]$