SHOW ALL WORK. The following information was taken from the job cost sheet for Job 101 for Scott Manufacturing Company:

Date started:	July 5
Date completed:	August 21

	Direct	Direct	Factory	Job
Date	materials	labor	overhead	Total
July 5	$3,000
July 15		$ 900	$450
July 17	1,500
July 22		1,350	675
August 1	1,500
August 21		600	300

Job 101 was sold on account on August 25 for 160% of its cost. Required:

A.	Prepare the journal entries to record the costs incurred for Job 101 in the current year for direct materials, direct labor, and factory overhead.
B.	Prepare the journal entry to record the completion of Job 101.
C.	What is the predetermined factory overhead rate for Scott?
D.	Prepare the journal entries to record the sale of Job 101.