Refer to the information in PA-3 for Tyler tooling company

See pictures for previous work.

a. Prepare a journal entry showing the transfer of job 102 into finished goods inventory upon completion.

b. Prepare journal entries to recognize the sales revenue and cost of goods sold for job 101.

c. Prepared the journal entry to transfer the balance of the manufacturing overhead account to cost of goods sold.

der PA2-2 Preparing Journal Entries Refer to the information presented in PA2-I for Lamonda Corp. Required Prepare all of Lamonda's necessary journal entries for the month of April. PA2-3 Calculating Predetermined Overhead Rates, Recording Manufact ufacturing Costs Tyler Tooling Company uses a job order cost system with overhead applied to basis of machine hours. For the upcoming year, the company estimated its total ma overhead cost at $420,000 and total machine hours at 60,000. During the first month the company worked on three jobs and recorded the following actual direct materials and Analyzing Overhead on the labor cost, and machine hours for each job: Job 102 Job 103 Total Job 101 Direct materials used Direct labor Machine hours $19.200 $28,800 1,000 hours $14,400 $11,200 4,000 hours $9,600 $9,600 2,000 hours $43,200 $49,600 7,000 hours Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $45,000 Required 1. Calculate the predetermined overhead rate. 2. Compute the total manufacturing overhead applied to the Work in Process Inventory accoun during the first month of operations. . Compute the balance in the Work in Process Inven account at the end of the first month . How much gross profit would the company report during the first month of operations befor making an adjustment for over- or underapplied manuiacturing overhead? . Determine the balance in the Manufacturing Overhead account at the end of the first month Is it over- or underapplied? PA2-4 Preparing Journal Entries efer to the information in PA2-3 for Tyler Tooling Company. equired: pare a journal entry showing the transfer of Job 102 into Finished Goods Invento its completion. PA 2-3 alance the wor in p0cess b 2 xe ma 33,220 rect re 28,%00 +s 55,000 D0 cuol dver head is 4s,000