(1) (2) $36,000 $207,000 $161,000 (3) $42,000 (4) (5) (6) Beginning balance in Work in Process Raw materials purchased on account Direct materials requisitioned for use in production Indirect materials requisitioned for use in production Direct labor wages incurred Indirect labor wages incurred Depreciation recorded on factory equipment Additional manufacturing overhead costs incurred Manufacturing overhead costs applied to jobs Cost of jobs completed and transferred from Work in Process to Finished Goods $87,000 $101,000 $42,000 (7) $57,000 (8) $219,000 (9) $403,000 The journal entry for recording depreciation from the above transaction list is as follows: Dr. Depreciation Expense Cr. Accumulated Depreciation True or False True False