Worldwide Mattress Inc. uses a job-order costing system. The following data relate to January, the first month of the companys fiscal year:

a. Raw materials issued to production, $270,000 ($43,000 direct materials and $227,000 indirect materials).

b. Depreciation recorded on factory equipment, $73,000.

c. The company applies manufacturing overhead cost to production on the basis of $12 per machine-hour. A total of 45,000 machine-hours were recorded for January.

d. Production orders that had cost $800,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 25% above cost.

e. Direct labor cost incurred, $270,000; indirect labor cost incurred, $220,000.

Required:

A) Prepare journal entries to record the information given above.

B) Do you have enough information to prepare T-accounts for Manufacturing Overhead and Work in Process? If yes, post the relevant information above to each account; if no, explain what is missing.