Hi. Could you review this assigment and my work so far an let me know if I am on the right track or if I have somethings messed up. Also, in problem 1, (e)where is says to record the cost of the sale and the sale of job 2526, I am not sure how to record that.

In problem 2 under letter (c), the stuff that is written there is stuff that I wrote trying to work through the problem, I am not sure if I am doing that problem correctly or not.

Job 2526: Direct Materials $5,000 Direct Labor $10,000 Factory overhead (1,600 hr @ $6) 9,600 Total cost of completed job $24,600 Job 2527: Direct Materials $10,000 Direct Labor 15,000 Factory overhead (1,900hrs @ $6) 11,400 Total cost of completed job $36,400 Job 2528 Direct Materials $4,000 Direct Labor 7,000 Factory overhead (1,300hrs @ $6) Total cost of completed job 7,800 $18,800 Job 2526: (a) Work in Process.................................................................... 9,600 Applied Factory Overhead ........................................ 9,600 Applied factory overhead to job 2526 (1,600hrs @ $6) (B)Applied factory overhead.................................................... 9,600 Factory Ovehead.................................................................. 9,600 Closed applied factory overhead account to control account (C) Under- and Overapplied Factory Overhead.................................. 17,400 Factory overhead.............................................................................. 17,400 Closed debit balance in factory overhead control account (d) Finished Goods............................................................................... Work in Process.............................................................................. 9,600 9,600 (e) Job 2527 (a) Work in Process................................................................................ 11,400 Applied Factory Overhead............................................................... 11,400 Applied factory overhead to job 2527 (1,900hrs @ $6) (b)Applied factory overhead..................................................................... 11,400 Factory overhead................................................................................... 11,400 Closed factory overhead account to control account (c)Under- and Overapplied factory overhead....................................... Factory Overhead................................................................................. Closed debit balance in factory overhead control account 15,600 (d) Finished Goods.................................................................................... Work in Process.................................................................................. 11,400 15,600 11,400 Job 2528 (a) Work in Process.................................................................................... 7,800 Applied Factory Overhead................................................................... 7,800 Applied factory overhead to job 2528 (b)Applied factory overhead......................................................................... 7,800 Factory overhead...................................................................................... 7,800 Closed factory overhead account to control account (c) Under- and overapplied factory overhead.............................................. 19,200 Factory Overhead........................................................................................ 19,200 Closed debit balance in factory overhead control account (d) Finished Goods.......................................................................................... Work in process......................................................................................... 7,800 7,800 ACCT230 Cost Accounting Portfolio Project Submission 2 Problem 1 Pullman Inc completed Job 2525 on May 31, and there were no jobs in process in the plant. Prior to June 1, the predetermined overhead application rate for June was computed from the following data, based on an estimate of 5,000 direct labor hours: The factory has one production department and uses the direct labor hour method to apply factory overhead. Three jobs are started during the month, and postings are made daily to the job cost sheets from the materials requisitions and labor-time records. The following schedule shows the jobs and amounts posted to the job cost sheets: The factory overhead control account was debited during the month for actual factory overhead expenses of $27,000. On June 11, Job 2526 was completed and delivered to the customer at a markup of 50% on manufacturing cost. On June 24, Job 2527 was completed and transferred to Finished Goods. On June 30, Job 2528 was still in process. Required: 1. Prepare job cost sheets for Jobs 2526, 2527, and 2528, including factory overhead applied when the job was completed or at the end of the month for partially completed jobs. 2. Prepare journal entries as of June 30 for the following: a. Applying factory overhead to production. b. Closing the applied factory overhead account. c. Closing the factory overhead account. d. Transferring the cost of the completed jobs to finished goods. e. Recording the cost of the sale and the sale of Job 2526. Job 2526: Direct Materials Direct Labor Factory overhead (1,600 hr @ $6) Total cost of completed job $5,000 $10,000 9,600 $24,600 Job 2527: Direct Materials $10,000 Direct Labor 15,000 Factory overhead (1,900hrs @ $6) 11,400 Total cost of completed job $36,400 Problem 2: Pullman Inc. has two production departments. The nature of the process is such that no units remain in process in Finishing at the end of the period. During the period, 10,000 units with a cost of $30,000 were transferred from Assembly to Finishing. Finishing incurred costs of $8,800 for materials, $7,200 for labor, and $8,800 for factory overhead, and finished 10,000 units during the month. Required: a. Determine the unit cost for the month in Finishing. b. Determine the unit cost of the products transferred to finished goods. c. Prepare a statement of cost of goods manufactured for the month ended January 31, 20XX, assuming that no further work was done in Assembly during January