Image 1)

Image 2)

Could you please explain Image 1 and 2 to me in detail? Like step by step? They both are related to each other

Raw Materials Inventory 1,000 2,750 Road Warrlo rs 1,800 Los Angeles, Calibma 550 Factory Overhead Work in Process Finished Goods Cost of 4) Inventory Goods Sok Inventory 1,800 1,400 550 6,720- 6720 7 5,580- Other Accounts 5,270 8,940 8,940 5,580 4,200 1,100 Factory Wages Payabk 1,100 200 3,780 3,360 5,580 4,200 Control Control Detail 5,300 Work in Process Finished Goods De live red Goods Key: 1 Materials purchased 2 Direct mate rials used 3 Direct labor used 4 Indirect materials used 6 Indirect labor used 6 Overhead applied (7 Other overhead used 8 Finished goods 9 Goods sold Job B18 Job B17 Job B15 $ 500 $ 600 $ 150 Matis Mats Mats 700 1100 1,000 Labor Labor Labor Ovhd Ovhd 1,600 1,120 1760 Ovhd $3,200 $1,970 $3,360 Total Total Total Subsidiary Job Cost Sheets Job B19 Job B16 Matis $ 250 $ 300 Matis 80 Labor 600 Labor Ovhd 960 Ovhd. To tal 1,280 $2,380 $1,810 Total 6. Work in Process Inventory. Factory Overhead Apply overhead at 160% of direct labor. Factory Overhead. .. Cash (and other acounts) Raw Materials Inventory 2,750 6,720 Aocounts Payable Acq uired raw mater kals Work in Process Inventory.. Raw Materials Inventory. 2,750 6,720 1,800 5,270 1,800 5,270 Assign costs of direct materials used. Work in Process Inventory. Factory Wages Payable... Assign costs of direct labor used. Factory Overhead Raw Materials Inventory.. Record factory overhead costs such as insurance, utilities, rent, and depreciation Finished Goods Inventory 4,200 8,940 4,200 Work in Process Inventory 8,940 Record completion of Jobs B15, B16, and B17 550 Cost of Goods Sold Finished Goods Inventory Record cost of goods sold for Jobs B15 and 816. 5,580 550 5,580 Record use of ind irect materials Factory Overhead... Factory Wages Payable. .. 1,100 10 Accounts Receivable 7,780 1,100 Sales 7,780 Record indirect labor costs Record sale of Jobs B15 and B16