Waterway Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 2,000 units of Product B was received. The standard cost of one unit of Product B is as follows.

Direct materials		3 pounds at $1.40 per pound		$4.20
Direct labor		1.00 hour at $9.00 per hour		9.00
Overhead		2 hours (variable $4.50 per machine hour; fixed $3.20 per machine hour)		15.40
Standard cost per unit				$28.60

Normal capacity for the month was 4,160 machine hours. During January, the following transactions applicable to Job No. 12 occurred.

1.		Purchased 6,400 pounds of raw materials on account at $1.46 per pound.
2.		Requisitioned 6,400 pounds of raw materials for Job No. 12.
3.		Incurred 2,100 hours of direct labor at a rate of $9.00 per hour.
4.		Worked 2,100 hours of direct labor on Job No. 12.
5.		Incurred manufacturing overhead on account $32,140.
6.		Applied overhead to Job No. 12 on basis of standard machine hours allowed.
7.		Completed Job No. 12.
8.		Billed customer for Job No. 12 at a selling price of $180,000.

A) Journalize the transaction

B) post to the job order cost accounts