Waterways Problem 15 a-c Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job 357 and Job K52 involve 15 acres of landscaped will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,097; on December 8 for $1,065; and on December 14 for $3,462. In each instance, two-thirds materials were for 357 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $15 per hour. The time tickets were dated December 3, Decen December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 357 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,129 hours, and the anticipated overhead costs are $851,600 for the ye machines were used by workers on projects K52 and 357 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for 357 and 100 sprinkler heads for K52. Additional job order activities during this period included: Dec. 1 Dec. 2 Dec. 12 Dec. 13 Purchased raw materials from Durbin Supply Company on account for $53,000. Issued $39,900 of direct materials from the company's inventory to jobs other than K52 and 357 and $2,900 of indirect materials. Paid Waterways' factory salaries and wages for $65,500. Paid the factory's water bill of $9,000. Transferred $50,300 of costs from other completed jobs to finished goods. Paid the factory's electric bill of $11,800 for Waterways' factory. Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,900, and accumulated depreciation of $15,900. Dec. 18 Dec. 21 Dec. 31 Set up the job cost sheets for Job No. 357 and Job No. 652. Determine the total cost for each manufacturing special order Job No. 357 Job No. 652 Total Cost 8980 6678 $ $ Unit Cost 42.06 40 $ Journalize the activities from these job cost sheets in the general journal. Also, journalize the other costs that occurred du amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Rou Date Account Titles and Explanation Debit Credit 12/1 Raw Materials Inventory $53,000 Accounts Payable $53,000 12/2 Work in Process Inventory 5,097 Raw Materials Inventory 5,097 (To assign materials to jobs 357 & K52) 12/2 Work in Process Inventory 39,900 Manufacturing Overhead 3,000 Raw Materials Inventory 6,900 (To assign materials to jobs and overhead) 12/3 Work in Process Inventory 90 Factory labar an 12/3 Work in Process Inventory 90 Factory Labor 90 (To assign labor to jobs 357 & K52) 12/3 Work in Process Inventory 1800 1800 Manufacturing Overhead (To assign overhead to jobs 357 & K52) 12/8 Work in Process Inventory 1,065 Raw Materials Inventory 1,065 12/9 Work in Process Inventory 90 Factory Labor 90 (To assign labor to jobs 357 & K52) 12/9 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/12 Factory Labor 65,500 Cash 65,500 12/13 Manufacturing Overhead 9,000 Cash 9,000 1211 Work in Prococe Invantoni 2462 Cash 9,000 12/14 Work in Process Inventory 3,462 Raw Materials Inventory 3,462 12/15 Work in Process Inventory 90 Factory Labor 90 (To assign labor to jobs 357 & K52) 12/15 Work in Process Inventory 2000 Manufacturing Overhead 2000 (To assign overhead to jobs 357 & K52) 12/15 Finished Goods Inventory 82 Work in Process Inventory 82 (To record completion of jobs 357 & K52) 12/18 Finished Goods Inventory 50,300 Work in Process Inventory 50,300 12/21 Manufacturing Overhead 11,800 Cash 11,800 12/31 Manufacturing Overhead 36700 Property Tax Payable 11,900 Cash 11,800 12/31 Manufacturing Overhead 36700 Property Tax Payable 11,900 Prepaid Insurance 8,900 Accumulated Depreciation-Equipment 15,900 Assuming that Manufacturing Overhead has a debit balance of $3,500, determine whether overhead has been u automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 12/31 Cost of Goods Sold 3500 Manufacturing Overhead 3500 Click if you would like to Show Work for this question: Open Show Work