Waldorf produces parts for use in various industries. Waldorf uses a job-costing system. The nature of its process is such that management expects normal spoilage at a rate of 2% of good parts. Data for last month is as follows: (Click the icon to view the data for the last month.) The spoiled parts were identified after 100% of the direct material cost was incurred. The disposal value is $4/part Read the requirements Requirement 1. Record the journal entries if the spoilage was (a) job specific or (b) common to all jobs. (Record debits first, then credits. Exclude explanations from any Journal entries.) Begin by preparing the journal entry for normal spoilage if the spoilage was a) job specific Journal Entry Accounts Debit Credit ed parts were identified after 100% of the direct material cost was incurred. The disposal value is $4/part. requirements i Data Table ment 1. Record the journal entr xclude explanations from any preparing the journal entry for - X all jobs. (Record debits Production (units) Good parts produced Direct material cost/unit 25,000 24,500 pbit Credit $ 7.00 Print Done Tom any list or enter any number in the input fields and then click Check