The following activity occurred during July.

Purchased raw materials on account for $30,000

Started Job 103 into production

Requisitioned materials: $2,000 for Job 101, $8,000 for Job 102, $4,000 for Job 103

Recorded job time tickets: 100 hours for Job 101, 600 hours for Job 102, 300 hours for Job 103

The direct labor wage rate was $10 per hour

Incurred overhead costs of $12,000

Overhead is applied at a rate of $15 per direct labor hour

Completed Jobs 101 and 102

Delivered Job 101 and billed the customer for cost plus 20%

The journal entry to issue of direct materials to production would include

A debit to cost of goods manufactured for $14,000

A debit to raw materials inventory for $14,000

A credit to work-in-process inventory - Job 101 for $2,000

A credit to raw materials inventory for $14,000

he journal entry to record actual overhead costs would include

		A debit to overhead control for $12,000
		A credit to overhead control for $12,000
		A debit to work-in-process inventory - Job 101 for $1,500
		A debit to cost of goods manufactured for $12,000

The entry to record the completion of Job 101 would include

		A debit to finished goods inventory - Job 101 for $4,500
		A debit to finished goods inventory - Job 101 for $24,000
		A credit to finished goods inventory - Job 101 for $24,000
		A debit to cost of goods manufactured - Job 101 for $4,500

Test Company reported the following jobs in work-in-process on July 1