Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $239,400 and total machine hours at 63,000. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job:

	Job 101			Job 102			Job 103			Total
Direct materials used	$	11,800		$	8,600		$	5,200		$	25,600
Direct labor	$	17,900		$	6,100		$	5,300		$	29,300
Machine hours		1,600	hours		2,600	hours		900	hours		5,100	hours

Job 101 was completed and sold for $50,500. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $14,380.

Required:

1. Prepare a journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

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

3. Prepare the journal entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations.)

A. Record the transfer of completed job 102 to finished goods inventory

B. Record the transfer of the job sold to cost of goods sold account

C. Record sales revenue and cash received

D. Record the transfer of the manufacturing overhead account balance to cost of goods sold