2. Allenton Company is a manufacturing firm that uses job-order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 31,000 machine-hours and incur $248,000 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased, $412,419. b. Raw materials were requisitioned for use in production, $409,000 ($388,000 direct and $21,000 indirect). c. The following employee costs were incurred: direct labor, $145,210; indirect labor, $61,356; and administrative salaries, $198,450. d. Factory utility costs, $14,815. e. Depreciation for the year was $121,000 of which $114,000 is related to factory operations and $7,000 is related to selling, general, and administrative activities. f. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 29,067 machine-hours (Hint: you need to compute a predetermined overhead rate to apply overhead). g. The cost of goods manufactured for the year was $783,075. h. Sales for the year totaled $1,107,000 and the costs on the job cost sheets of the goods that were sold totaled $768,990. Required (4 Points): Prepare the appropriate journal entry for each of the items above.