summary of factory wages for the NL Paris. Record serap kuveatory. Destry Barnes Manufacturing Company maintains a Scrap Inventory account for metal scrap TEGO vered from operations in the Molding Department. On February 15, 2017, 1,200 pounds of scrap with an estimated market value of $720 are transferred from the factory to the storeroom. Directions: Use the account names found in your textbook to do the following: Prepare the general journal entry to record the storage of the metal scrap. Credit Work in Process. b. Prepare the general journal entry to record the mule of 300 pounds of sexup at 8.55 a pound on credit Prepare the general journal entry to record the sale of 500 pounds of scrap at S. 70 a pound of credit