Answer:
a. 
DR Raw Material Inventory                             $30,000
CR Accounts Payable                                                     $30,000
 
b. 
DR Work in Process Inventory                          $33,900
CR Raw Material Inventory                                                $33,900
Working
= Job 114 + Job 115 + Job 116
= 16,500 + 12,400 + 5,000 = $33,900
c. 
DR Work in Process                                            $7,430
CR Wages Payable                                                             $7,430
Working
= (150 * 15) + (220 * 17) + (80 * 18)
= $7,430
d. 
DR Work in Process                                              $4,458
CR Manufacturing Overhead                                              $4,458
Working
Overhead as % of Direct labor cost using Job 115 = Applied Overhead / Direct labor = 936/1,560 = 60%
Manufacturing Overhead = Overhead rate * Direct labor 
= 60% * 7,430 = $4,458
e. 
DR Manufacturing Overhead                                     $4,765
CR Accounts Payable                                                              $4,765
f. 
DR Finished Goods                                                    $23,520
CR Work in Process                                                                   $23,520
Job 115 costs = Beginning + Material + Labor + Overhead
= (2,640 + 1,560 + 936) + 12,400 + (220 * 17) + (220 * 17 * 60%)
= $23,520
g. 
DR Cost of Goods sold                                               $23,520
CR Finished Goods                                                                     $23,520
DR Accounts Receivable                                            $32,928
CR Cost of Goods sold                                                              $32,928
Working
= 23,520 * 140%
= $32,928