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Remote Education Technology, Incorporated started and finished job number B67 during June. The job required...

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Accounting

Remote Education Technology, Incorporated started and finished job number B67 during June. The job required $47,200 of direct material and 400 hours of direct labor at $23 per hour. The predetermined overhead rate is $5 per direct-labor hour.
Required:
Prepare journal entries to record the incurrence of production costs and the completion of job number B67.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
1
2
Record the cost of the raw materials, direct-labor and manufacturing overhead costs applied to Job B67.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,Work-in-process inventory,,],[,Raw-material inventory,,],[,Wages payable,,],[,Manufacturing overhead,,],[,,,]]
1
2
Record transfer of job costs from work in process to finished goods inventory.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[2,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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