Pacific Pool Company builds custom swimming pools for homeowners in Miami, Chicago, and Florida. It uses material requisition forms and direct labor time tickets to trace direct materials and direct labor costs to specific jobs. Manufacturing overhead is applied to jobs at a rate of $100 per direct labor hour. During the first month of operations, the company recorded the following transactions:

a) Purchased $200,000 in raw materials.

b) Issued the following materials to production: $130,000 was directly traceable to specific jobs. $20,000 was not directly traceable to specific jobs.

c) Recorded the following labor costs (paid in cash): Direct labor $50,000 Construction supervision 30,000

d) Recorded the following actual manufacturing overhead costs: Construction insurance $ 5,000 Construction equipment depreciation 25,000 Pool permits and inspections 5,000

e) Recorded the following nonmanufacturing costs: Office equipment depreciation $ 3,000 Rent and insurance on owners company car 2,000 Advertising costs 10,000

f) Applied manufacturing overhead to jobs in process based on 900 actual direct labor hours.

g) Completed 15 pools at a total cost of $195,000.

h) Finalized the sale of 13 pools that cost $176,000. The other 2 pools are completed and awaiting inspection by the customer before the sale is finalized.

i) Recorded sales revenue of $325,000 on the 13 pools that were sold.

j) Closed the Manufacturing Overhead account balance to Cost of Goods Sold.

Required:

I'm having trouble figuring out how to make a Journal Entry for this transaction. Thank you in advance for your assistance.

Account Name Debit Credit

a. Raw Materials 200,000

? 200,000