At Plastics Source, Inc., the beginning balance of the work in process inventory account in April of the most recent year was $17,000. Direct materials used during April totaled $140,000. Total manufacturing labour incurred in April was $163,500, 80% of this amount represented direct labour. The predetermined manufacturing overhead rate is 120% of direct labour cost. Actual manufacturing overhead costs for April amounted to $155,000.
In April, two jobs were completed with total costs of $102,000 and $82,000, respectively. In April, the two jobs were sold on account for $175,000 and $127,000, respectively.
| a) | Compute the balance in work in process inventory on April 30. |
| b) | Record the journal entry for direct materials used in April. |
| c) | Record the journal entry to record labour costs for April. |
| d) | Record the journal entry for allocated manufacturing overhead for April. |
| e) | Record the entry to move the completed jobs into finished goods inventory in April. |
| f) | Record the entry to sell the two completed jobs on account in April. |
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