Journal entries LO₄ The following is a list of manufacturing costs incurred by Fredericks Products Co. during the month of July:

Direct materials used $ 1 5,000 Indirect materials used 3,000 Direct labor employed 21 ,000 Indirect labor employed 5,000 Rent expense 4,000 Utilities expense 1,200 Insurance expense 500 Depreciation expense (machinery and equipment) 1,500 Prepare the journal entries to record the preceding information and to transfer Factory Overhead to Work in Process.