22. A selected list of accounts used by Shepherd Guitar Company follows: Code Code A Cash F Accounts Payable B Accounts Receivable G Factory Labor C Raw Materials Inventory H Manufacturing Overhead D Work In Process Inventory Cost of Goods Sold E Finished Goods Inventory J Sales Revenue K Accumulated Depreciation Shepherd Guitar Company uses a job order system and maintains perpetual inventory records. Instructions Place the appropriate code letter in the columns indicating the appropriate account(s) to be debited and credited for the transactions listed below. Transactions 1. Manufacturing overhead was applied to production. 2. Job #25 was completed during the period. 3. Purchased raw materials for cash. 4. Paid factory wages for the month. 5. Manufacturing overhead costs incurred on account. 6. Sold guitars on account to customers. 7. Recorded cost of sales for item #6. 8. Recorded depreciation on factory building. 9. Direct factory labor used in production. 10. Indirect materials used in production. Account(s) Debited Account(s) Credited