Job Cost Journal Entries Prior to the beginning of 2019, Stapleton Company estimated that it would incur \($153,000\) of manufacturing overhead cost during 2019, using 17,000 direct labor hours to produce the desired volume of goods. On January 1, 2019, beginning balances of Materials Inventory, Work-in- Process Inventory, and Finished Goods Inventory were \($48,000\), $-0-, and \($87,000\), respectively. Required Prepare general journal entries to record the following for 2019:

a. Purchased materials on account, $316,000.

b. Of the total dollar value of materials used, \($284,000\) represented direct materials and \($35,000\) indirect materials.

c. Determined total factory labor, \($189,000\) (18,000 hrs. @ $10.50/hr.).

d. Of the factory labor, 15,800 were direct labor hours.

e. Applied manufacturing overhead based on direct labor hours to work-in-process.

f. Determined actual manufacturing overhead other than those items already recorded, \($83,000\). (Credit Accounts Payable.)

g. Ending inventories of work-in-process and finished goods were \($57,000\) and \($71,800\), respec- tively. Determine the cost of finished goods (credit WIP) and the cost of goods sold (credit FG inventory). Make separate entries.

h. Transferred the balance in Manufacturing Overhead to Cost of Goods Sold.