3. (10 points). Alam Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials$24,000 $73,000 Finished goods $27,000 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 45,000 machine- hours and incur $180,000 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased, $416,000 b. Raw materials were requisitioned for use in production, $420,000 ($380,000 direct and $40,000 indirect). c. The following employee costs were incurred: direct labor $414,000; indirect labor, $60,000; and administrative salaries, $212,000 d. Selling costs, S141,000 e. Factory utility costs, $20,000 f. Depreciation for the year was $81,000 of which $73,000 is related to factory operations and general, and administrative activities. g. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 48,000 machine-hours. h. The cost of goods manufactured for the year was $1,004,000 i. Sales for the year totaled S1,416,000 and the costs on the job cost sheets of the goods that were sold totaled $989,000 j. The balance in the Manufacturing Overhead account was closed out to Cost of Goods Sold. $8,000 is related to selling, Required: Prepare the appropriate journal entry for each of the items above (a. through j.). You can assume that all transactions with employees, customers, and suppliers were conducted in cash