11) The following information is available for the Annum Corporation for the current year: $292,000 25,200 64,750 45,000 11,200 16,800 Cost of goods sold Depreciation of factory equipment Direct labor Finished goods inventory, Beginning-year .... Factory insurance Factory utilities ....... Goods transferred from Work in Process Inventory to Finished Goods Inventory ...... Indirect labor Raw materials inventory, Beginning-year....... Raw materials purchased ............. Raw materials used in production (includes $7,000 of indirect materials) Rent on factory building ..... 285,150 8,400 4,200 116,200 121,800 22,400 Annum Company uses a predetermined overhead rate of 150% of direct labor cost. Prepare journal en the following transactions and events: (a) Purchase of raw materials on account. (b) Assignment of materials costs to Work in Process Inventory and Factory Overhead. (c) Assignment of Factory Payroll to Work in Process Inventory and Factory Overhead. (d) Recording of other factory overhead. Assume that all items other than depreciation are paid in cash (e) Assignment of Factory Overhead to Work in Process Inventory. ( Transfer of goods completed to Finished Goods Inventory. (9) Recording cost of goods sold. (h) Assignment of over- or underapplied overhead to Cost of Goods Sold. Prepare the journal entries on the next page. Description Debit Credit Post Ref