Lexan Textile Company's Job $12$ had one of its $20$ units spoiled. The cost incurred on the unit was $$600.$ It was specific normal spoilage with an estimated disposal price of $$300$ for the spoiled unit. Job Y$34$ had common normal spoilage with the estimated cost of $$400$ from the general production process failure and abnormal spoilage of $$200.$ The company also incurred scrap due to Job Y$34$ and sold it for $$80.$ It also sold the scrap common to all jobs for $$120$ cash in May.

Required:

Prepare the necessary journal entries to record normal and abnormal spoilage costs.

Prepare the necessary journal entries to record both types of scrap sold.

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

Prepare the necessary journal entries to record normal and abnormal spoilage costs. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Record the normal spoilage attributable to Job X$12.$

Note: Enter debits before credits.

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