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You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table is specially customized for the customer. This month, you have been asked to develop and manufacture two new tables for customers. You will design and build the tables. The company does not have indirect materials You will be keeping track of the costs incurred to manufacture the tables using Job \#1 Cost Sheet and Job \#2 Cost Sheet. The cost of the direct materials that can be used to manufacture the table are as follows. Assume a $65 per hour wage rate to the assembly employees. The company uses a job order costing system and applies manufacturing overhead to jobs based on direct labor hours. The company estimates that there will be 120 direct labor hours worked during the month. Direct Materials: The first order you received was to manufacture a table using a table top and four legs. This is your Job \#1. The customer that has ordered Job \#2, wants a table that is the same as Job \#1, but wants to also add a drawer to the table. The following is a list of transactions that need to be recorded for the company for activity in the month of December. Record those in the "General Journal" tab of the excel file using the proper format. Please use the following accounts: 1-Dec Raw materials purchased on account, $21,000. 5-Dec All Raw materials needed for Job \#1 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job \#1 Cost Sheet) 10-Dec The following employee costs were incurred but not paid during the month: Direct labor for Job \#1. consisted of 60 hours at a rate of $65 ver hour. totalina $3.900. (After vou iournalize this entrv blease Direct labor for Job \#1, consisted of 60 hours at a rate of $65 per hour, totaling $3,900. (After you journalize this entry please enter the information into Job \#1 Cost Sheet) Salary for supervisor of the factory $2,800. Administrative Salary $2,000. 2-Dec Manufacturing overhead cost was applied based on direct labor hours to Job \#1 using the POHR calculated in Question 1. (After you journalize this entry please enter the information into Job \#1 Cost Sheet) 5-Dec All Raw materials needed for Job \#2 were requested from the material storage for use during the month. All materials are direct. (After you journalize this entry please enter the information into Job \#2 Cost Sheet) 6-Dec Rent for the month of December for the factory building incurred but not paid $600. 7-Dec Advertising costs incurred but not paid for the month was $1,600. 0-Dec Depreciation for the month of December was recorded on equipment $950 ( $700 for equipment used in the factory and $250 for equipment used in selling and administrative activities). 4-Dec Property insurance incurred but not paid $1,850 ( $1,300 for the factory and $550 for selling and administrative offices). 26-Dec Job \#1 was completed and transferred to Finished Goods during the month. 28-Dec The completed table was sold on account to the customer for $26,000 during the month. (Hint: Make sure to account for the cost of the table that was sold using the cost from the job cost sheet.) 31-Dec By the end of the month, 30 hours of direct labor were incurred at a rate of $65 per hour, totaling $1,950 to begin production on job \#2. The employees will be paid next month. (After you journalize this entry please enter the information into Job \#2 Cost Sheet) 31-Dec Manufacturing overhead cost was applied using the direct labor hours from Job \#2 and the POHR calculated in Question 1 . (After you journalize this entry please enter the information into Job \#2 Cost Sheet) Job Cost Sheet Direct Materials: General Journal \begin{tabular}{|l|l|l|l|} \hline Date & Description & Debit & Credit \\ \hline & & & \\ \hline \end{tabular}

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