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On Feb 1 st 2 0 2 4 Wilma s Wedding Cake Company orders and receives $ 2 3 , 4 5 0 in Direct

On Feb 1st 2024 Wilmas Wedding Cake Company orders and receives $23,450 in Direct Materials and pays cash. (a)
Wilmas Wedding Cakes has the following Job Order Cost Sheet for Customer # 42s Wedding Cake Order:
(b.) Direct Materials $875
Direct Labor $1,250
(d) Manufacturing Overhead $650
Record all the entries in the Journal and update the WIP Account for #42 for the following entries:
a. The purchase of the Direct Materials
b-d. The 3 costs for Job # 42
e. Assume the cake is finished and transferred to Finished Goods
f. The customer picks up the cake and pays Winsome $5,000 for the Wedding Cake
What is the Gross Profit on. The Wedding Cake for Wilma?

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