Problem 2: The Work in Process Department accepted Job 301 on February 1st to make 2,000 units.. To complete the job they requisitioned 4,100 aluminum sheets at $3.00 per sheet and 12,500 screws at $0.50 per screw. The cost driver that the Work in Process Department is machine hours which are counted on a counter which is attached to the machine. $2.40 is applied as overhead for each machine hour. Additionally, $750.00 of overhead is applied to each job due to setup and teardown. Direct labor is $23.20 per hour for the machine operator and $18.70 for the machine loader. The job required 76 hours of labor by a machine operator and 76 hours of labor by a machine loader. When the job was complete Job 301 was transferred to Finished Goods Inventory (FGI). There were 4250 machine hours on the counter.

Journalize all events for the month of February.