The decision was made to use a process costing system

The decision was made to use a process costing system. The first month of operation went fairly smoothly, and the CFO is ready to prepare her journal entries but asked for your help because she has not done this before for a manufacturing company.Data for month ending 1/31/200XDirect labor expended on jobs completed in month 1$100,000Direct material used up$500,000Budgeted manufacturing overhead$2,000,000Budgeted production volume4,000 unitsActual production volume4,500 unitsSupplies, indirect labor, maintenance repair costs totaled$2,200,000Beginning work in process inventory0Ending work in process inventory0Individual Portion: Using only the data in the chart, prepare the proper journal entries including a date and notes showing any calculations to record the following:

LaborDirect material going into the work in progress (WIP) account manufacturing overhead all being credited to accounts payableThe decision was made to use a process costing system. The first month of operation went fairly smoothly, and the CFO is ready to prepare her journal entries but asked for your help because she has not done this before for a manufacturing company.Data for month ending 1/31/200XDirect labor expended on jobs completed in month 1$100,000Direct material used up$500,000Budgeted manufacturing overhead$2,000,000Budgeted production volume4,000 unitsActual production volume4,500 unitsSupplies, indirect labor, maintenance repair costs totaled$2,200,000Beginning work in process inventory0Ending work in process inventory0Individual Portion:Using only the data in the chart, prepare the proper journal entriesincluding a date and notes showing any calculationsto record the following:

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