Sweeten Company is a manufacturer that uses job-order costing. The following information was taken from the books of Sweeten Company after all postings had been completed at the end of March, its first month of operations: direct materials cost, $7,200; direct labor cost, $8,000; factory overhead, consisted of indirect materials of $1,800 and indirect labor of $1,400. All jobs worked on during the month were completed and sold by the end of the month. Prepare the journal entries to: (1) charge the March cost of materials to work in process and factory overhead. (2) charge the July cost of labor to work in process and factory overhead. (3) record the closing of factory overhead to work in process. Sweeten Company predicts that it will use 200,000 lb of material during the year. Dennis anticipates that it will cost $25 to place each order. The annual carrying cost per lb is $10. 1. Determine the most economical order quantity, using the EOQ formula. 2. Determine the total annual order and carrying cost at this level