Micro Enterprises had the following job order transactions during the month of April. Record the transactions in T-accounts, including issuance of materials, labor, and factory overhead applied; completed jobs sent to finished goods inventory, and sales of finished goods. Also show T-accounts in place of Job Cost Sheets for each job, and place of the subsidiary ledger for Finished Goods.

Apr

1 Purchased materials on acct, $35,000

10 Issued Direct materials to Job 33, $10,000, issued indirect materials of $700

11 Issued direct materials to Job 34, $8,000, issued indirect materials of $430

12 Issued direct materials to Job 35, $11,000, issued indirect materials of $670

25 Incurred labor of $21,300: Job 33, $6,000 (300 hours), Job 34, $4,000 (200 hours). Job 35, $5,000 (250 hours); also incurred indirect labor of $6,300

25 Applied factory overhead: $4.85 per direct labor hour

30 Transferred Job # 33 and 35 to the finished goods inventory account as products F and H

30 Sold product F for $25,000 on account. Calculate the Gross Profit.