Work in Process Inventory account during March are given below.

Work in Process

Beginning Balance 0 Transferred out 240,000
Direct Materials 45,000
Direct Labour 75,000
Overhead 225,000

Ending Balance 105,000

Only Job # 007 was still in process at the end of March and this job had been charged with $15,000 in direct material cost.

a)How do I calculate the amount of direct materials cost charged to completed jobs during March.
b) How do I calculate the predetermined overhead application rate at Trinco. (2 marks) =

Answer = 225000/75000=3 (Is this correct?)

c) What is the journal entry which accounts for the $240,000 transferred out of work in process inventory?

Please I need help...