3. Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year: a. Raw materials were purchased on account, $234,000. b. Raw materials were issued to production, $211,600 ( $198,400 direct materials and $13,200 indirect materials). c. Direct labour cost was incurred, \$111,200; indirect labour cost was incurred, $100,800. d. Depreciation was recorded on factory equipment, \$41,200. e. Other manufacturing overhead costs were incurred during October, $78,400 (credit accounts payable). f. The company applies manufacturing overhead cost to production on the basis of $8.00 per machine-hour. There were 33,600 machinehours recorded for October. g. Production orders costing $580,000 according to their job cost sheets were completed during October and transferred to finished goods. h. Production orders that had cost $534,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 25% above cost. The goods were sold on account. Required: 1. Prepare journal entries to record the preceding information