11. Prepare the necessary Journal Entries refated to the manufacturing cycle using the chart of account numbers below instead of account names when entering the journal entries. The Chart of Accounts is shown below. For example: Instead of Debit Raw Materials - Aluminum debit account number 12000$5,000,00 and credit account number 10000$5,000,00 when purchasing the raw materials aluminum for cash. An example will be provided for each journal entry, Please follow instructions carefully. Manufacturing Process Information Dan started a small manufacturing plant that fabricates small drones. The manufacturing process starts with the aluminum pellets belng put into a molding machine. After the drone's frame is shaped in the mold, the frame is cooled and inspected, if the drone passes inspection, the motor and propellers are added at the end and they are transferred to finished goods after inspection. This process is completely automated. Direct material aluminum is added 100 s at the beginning of the process; direct material motors and propellers are added 100% as the last step in the process. Conversion costs are added equally throughout the process. Conversion is 55% complete for the beginning inventory work in process and 45% complete for the ending inventory work in process. At the beginning of the accounting period, Dan estimates that 15,200 drones will be produced. Estimated factory overhead is $3,800. This information is to be used to determine the application rate for overhead. Estimated and actual direct labor costs totaled $1,954.55. Actual factory overhead costs totaled $3,900. Selling and Administrative Expenses totaled $100,000. The following information is available concerning the direct materials. The work in process account has the following information Beginning Work in Process contains 0 drones Ending work in process contains 300 drones Beginning Finished Goods contains 0 drones 12,000 drones were sold at $39 each Tax Rate is 35%