Problem:
Dewitt Educational Products started and finished job number RM67 during June. The job required $4,600 of direct material and 30 hours of direct labor at $16 per hour. The predetermined overhead rate is $4 per direct-labor hour.
Required:
Question: Prepare journal entries to record the incurrence of production costs and the completion of job number RM67.
Note: Be sure to show how you arrived at your answer.