Can someone help me complete this problem? There is one last part asking for the

Question

Can someone help me complete this problem?

There is one last part asking for the cost of goods sold and there is two sections for that.

Jorgensen Corporation uses standard costs with its job order cost accounting system. In January, an order (Job No. 12) for 1,800 units ot Product B was received. The standard cost of one unit of Product B is as follows Direct materials Direct labor Overhead 3 pounds at $1.40 par pound 1.00 hour at $9.00 per hour haurs (variable $A.50 per machine hour; fixed S3.20 per machine hour) $4.20 9.00 15.40 $28.60 Standard cost per unit Normal capacity for the month was 4,160 machine hours. During January, te following transactions applicable to Job No. 12 ocurred 1. P materials orn account at $1.46 per paund. 2. Requisitioned 5,760 pounds of raw materials for Job No. 12 3. Incurred 1,090 hours of direct labor at a rate of s8.95 per hour. 1. Worked 1,890 hours of direct labor on Job No. 12 Purchased 5,760 pounds of raw manufacturing overhead Incured on account $29,DDD 6. Applied overhead to Job No. 12 on basis of standard machine hours allowed. . Campleted Job No. 12 8 Hilled customer for Job No. 12 atng price of $12,000.

Explanation / Answer

DR CR 1 Raw Material Inventory 8064 Material Price Variance 346 Account Payable 8410 2 Work in Progress 1800*3*1.40 7560 Material Quantity/Efficiency Variance 504 Raw Material Inventory 8064 3 Factory Labor 17010 Labor price Variance 95 Factory wages Payable 16916 4 Work in Progress 1800*1*9 16200 Labor Quantity variance 810 Factory Labor 17010 5 Manufacturing overhead 29000 Accounts Payable 29000 6 Work in Process Inventory ((4.50+3.50)*1800*2) 28800 Manufacturing overhead 28800 7 Finished Goods Inventory (1800*28.60) 51480 Work in Process Inventory 51480 8 Accounts Receivable 162000 Sales 162000 Cost of Goods Sold 51480 Finished Goods Inventory 51480

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