Wildhorse 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 $1.30 per pound $3.90 Direct labor Overhead 1.80 hour at $8.00 per hour 14.40 2 hours (variable $4.00 per machine hour; fixed $2.50 per machine hour) 13.00 Standard cost per unit $31.30 Normal capacity for the month was 4,210 machine hours. During January, the following transactions applicable to Job No. 12 occurred. 1. Purchased 6,200 pounds of raw materials on account at $1.35 per pound. 2. Requisitioned 6,200 pounds of raw materials for Job No. 12. 3. Incurred 3,700 hours of direct labor at a rate of $7.90 per hour. 4. Worked 3,700 hours of direct labor on Job No. 12. 5. Incurred manufacturing overhead on account $27,400. 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 $190,000. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 5. 7. 8. 7. 8. (To record sales.) (To record cost of goods sold.)