Answer:
Journal entry for each transaction is given below.
Purchase of raw materials on account: $1,500
Debit Raw material account $1,500
Credit Payable Account $1,500
Raw materials used by Job 1: $400
Debit WIP job 1 $400
Credit Raw material account $400
Raw materials used as indirect materials: $50
Debit FOH control Account $50
Credit Raw material account $50
Direct labor for Job 1: $200
Debit WIP job 1 $200
Credit Payroll Account $200
Indirect labor incurred for Job 1: $30
Debit FOH control Account $30
Credit Payroll Account $30
Factory utilities incurred on account: $500
Debit FOH control Account $500
Credit Utilities payable $500
Adjusting entry for factory depreciation: $200
Debit FOH control Account $200
Credit Accumlated Depreciation $200
Manufacturing overhead applied as percent of direct labor: 100%
Debit WIP job 1 $200
Credit Applied FOH account $200
Job 1 is transferred to finished goods
Debit Finished Good Account $800
Credit WIP job 1 $800
Job 1 is sold: $1,000
Debit COGS $800
Credit Finished Good Account $800
Debit Account Receivable $1000
Credit Sales $1000
Manufacturing overhead is underapplied: $100
Debit COCS Account $100
Credit Factory overhead account $100