King Tool is a machine shop that uses job order costing Overhead is applied to individual jobs at a predetermined rate based on direct labor costs. The following is a job cost sheet for job no 321 DATE STARTED: Bay.10 DATE COMPLETED Hay 21 30 COST SHEET 308 NUMBER: 321 PRODUCT: 2 Brass. Check Valves UNITS COMPLETED 5.000 Direct materials used Direct labor Manufacturing overhead applied Total cost of Job no. 321 Unit cost ($12,400 + 5,000 units) $ 8,00e 1,500 2.900 $12,480 $ 2.48 a. Summarize the manufacturing costs charged to job no. 321 (Use one compound entry) b. Record the completion of job no. 321 c. Record the credit sale of 2100 units from job no. 321 at a unit sales price of $10. Record in a separate entry the related cost of goods sold Prepare general Journal entries to the above statements: (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list