Answer and Explanation:
The Journal entry is shown below:-
1. Work in progress Dr, $68,900
(10,900 + $18,300 + 26,000 + $13,700)
Factory overhead Dr, $7,900
To Material $76,800
(Being direct and indirect material used is recorded)
2. Work in progress Dr, $54,900
($8,900 + $17,700 + $16,000 + $12,300)
Factory overhead Dr, $13,200
To Wages payable $68,100
(Being direct and indirect labor used is recorded)
3. Work in progress Dr, $39,259
To Factory overhead $39,259
($54,900 × ($5,785 ÷ $8,090))
(Being factory over applied is recorded)
4. Finished goods Dr, $73,090
To Work in progress $73,090
($25,585 + $47,505)
(Being Completion of Job 301 and Job 302 is recorded)
