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Metropolitans Manufacturing generated the following activity for July for its current jobs. Total costs accumulated in the Work-in-Process account Manufacturing overhead was allocated at $30

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Metropolitans Manufacturing generated the following activity for July for its current jobs. Total costs accumulated in the Work-in-Process account Manufacturing overhead was allocated at $30 per machine hour used. 1. Complete the Job Costs for each job listed below. Job 124 $12,560 Job 125 $10,060 Total $38,950 $18,870 $12,230 $42,920 $19,810 $8,220 $41,590 Job 123 July 1 Balance $16,330 Direct Materials $11,820 Used Direct Labor Assigned to $13,560 Jobs Manufacturing Overhead allocated to jobs Total Cost per Job Machine Hours used 410 per job 410 100 2. Prepare the journal entry for completion of jobs 123 and 124 in July. Date Description Debit Credit Open a T-account for Work-in-Process Inventory. 3. Post the journal entry made in above. Compute the end Inventory account on July 31. balance in the Work-in-Process Work-in-Process 4. Prepare the journal entry needed to record the sale on account of job 124 in the amount of $86,420. Also, prepare the journal entry to record the cost of Goods sold for Job 124. Date Description Debit Credit

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