2. Swin Co. uses a job costing system, and manufacturing overhead is applied on the basis of machine hours. At the beginning of the year, management estimated that the company would incur $1,200,000 of manufacturing overhead costs and use 60,000 machine hours. Swin Co recorded the following events during the month of October. {a} Beginning balances: Raw materials inventory (RIVI): $150,000 Work in process inventory {WIP}: $110,000 Finished goods inventory {FGs}: $50,000 (b) Purchased 250,000 kilograms of raw materials on account. The cost was $5.00 per kilogram. {c} Issued 200,000 kilograms of materials to production. Assume all materials issued are at $5 per kilogram. (d) Incurred $280,000 of direct labour costs and $60,000 of indirect labour costs. (e) Recorded depreciation on equipment for the month, $23,000. (f) Recorded $41,500 of insurance costs for the manufacturing property. {g} Recorded $36,300 for utilities and other miscellaneous items for the manufacturing plant. {h} Completed job B20 costing $190,000 and job Bill costing $790,000 during the month and transferred them to Finished Goods inventory account. {i} Shipped job 1321 to the customer during the month. (1') Used 11,000 machine hours during October. Required: Complete the relevant T- accounts to show the ow of costs through the company's manufacturing accounts