Question 1

Deacon Corporation completed Job 70 on February 15 and Job 71 on March 18. Job 70 required the following additional costs: $7,500 of materials, $5,000 of direct labor, and $4,000 of factory overhead. Job 71 required the following additional costs: $6,100 of materials, $3,300 of factory overhead, and $4,900 of direct labor.

a. Prepare the journal entries to record the completion of the jobs.

b. If Work in Process had a beginning balance of $5,000 as of the beginning of January, what is the balance after the completion of the jobs? An additional $2,300 was transferred to Finished Goods inventory for Job 72.

Question 2

On October 31, Cards by Shannon applied $5,200 of factory overhead to the Printing Department and $3,900 of factory overhead to the Packaging Department. Prepare the journal entry to record the transaction.

Question 3

On October 25, the Printing Department transferred $9,100 of costs to the Packaging Department. On October 26, the Packaging Department transferred $10,700 of costs to Finished Goods. Prepare the journal entries to record the transfers.