Overall Instructor remarks: Check Figures 1d) dr. WIP 370000 cr.MOH 370000 3b) Budgeted OH $355,200 4c) OH for ZF14 $74.000 5b) 399.644 8 Inspection for BY92 1,421 8 Total OH applied for ZF14 $52,521 9f Gross Margin % for JV28 35.79% 12 OH cost per unit 46.67 12f Sales price per unit $247.56 ) for Job JV28 Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials) $ 215,000 $ 268,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 154,000 $ 370,000 $ 351,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of Year End of Year $ 58,000 $ 30,000 $ 32,000 $ 35,000 ? ? The total manufacturing costs for the year were $685,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $664,000; and the net operating income was $31,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Journal entry worksheet 1 2 3 4 5 6 > Record issuance of raw materials for use in production. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet Record direct labor costs incurred. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet Record entry to apply manufacturing overhead. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Journal entry worksheet Record transfer of unfired, molded bricks from the Molding Department to the Firing Department. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general journal Journal entry worksheet Record transfer of finished bricks from the Firing Department to the finished goods warehouse. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal Journal entry worksheet