1. Journalize the transactions WIP 6. FG 88,000 FOH 80 500 72.000 4. FOH 88, Wie Accounts payable so,500 7. Accounts Deceivob .150 x 46,006 Garnett Printing Corp. uses a job order cost system. The following data summarizes the operations related to the first quarter's production. 1. Materials purchased on account $192,000, and factory wages incurred $87,300 2. Materials requisitioned and factory labor used by the job: sa COOS Factory Labor $18,00014,100 Job No Materials Total Costs FOH A20 $35,240 A21 42,920 22,000 A22 15,000 2000 25,000201000 36,100 39,270 A 23 General use 4,470 $158,000 7,300 $87,300 3. Manufacturing overhead costs incurred on account $39,500. 4. Depreciation on machinery and equipment $14,550 5. Manufacturing overhead rate is 80% of direct labor costs 6. Jobs completed during the quarter: A20, A21, A23 Prepare the journal entries to record the operations above. Renteria Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $305,000 for the year and machine usage is estimated at 125,000 hours. For the year $322,000 of overhead costs are incurred and 130,000 hours are 280000