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20 Marks At the beginning Allenton Company is a manufacturing firm that uses job-order costine the year, the company's inventory balances were as follows Raw

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20 Marks At the beginning Allenton Company is a manufacturing firm that uses job-order costine the year, the company's inventory balances were as follows Raw materials Work in process Finished goods $100,000 60,000 500,000 Prepare the appropriate journal entries for the following transactions: a) Raw materials were purchased, $800,000. b) Raw materials were requisitioned for use in production, $710,000 direct and $100,000 indirect e) Miscellaneous manufacturing overhead costs incurred during the period, $550,000 d) The following employee costs were incurred: direct labour, Sl labour, $900,000; administrative salaries, $250,000; selling commissions, S100,400. .300,00 0; indirect

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