Marino Co. uses a job cost accounting system. On June 1, the company has $0 in its Work in Process (WIP) Inventory account. Marino works on four Jobs in June (441-444). Jobs 441 and 442 completed on June 27. During June, a summary of production data shows the following:

For Direct Materials Cost Direct Labor Cost Factory Overhead Cost Machine hours

Job 441 $???? $???? $???? ???

Job 442 ???? ???? ???? ???

Job 443 ???? ???? ???? ???

Job 444 ???? ???? ???? ???

Marino applies estimated factory overhead (FO) cost to jobs using a single predetermined factory overhead rate based on machine hours (make up your own FO rate).

Instructions:

a) Make up your own data in the format above.

b) Complete the following four journal entries (1-4). Please use the following accounts for your journal entries: WIP Inventory, Raw Materials Inventory, Wages Payable, Factory Overhead, and Finished Goods Inventory.

1) Record Direct Materials cost for all jobs.

2) Record Direct Labor cost for all jobs.

3) Record Factory Overhead Cost applied to all jobs.

4) Record the completion of Jobs 441 and 442.

(b) Calculate the balance of the WIP Inventory account on June 30. Please indicate debit or credit with your answer.

[PLEASE SHOW ALL THE CALCULATIONS]