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 $$227,920$ and total machine hours at $61,600.$ 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 $101$ was completed and sold for $$50,400.$

Job $102$ was completed but not sold.

Job $103$ is still in process.

Actual overhead costs recorded during the first month of operations totaled $$14,200.$

Required:

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

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

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

Note: 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.