4. Apple Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. Prepare journal entries to record the following transactions during the month of June June 1 Purchased raw materials for $20,000 on account. 8 Raw materials requisitioned by production: Direct materials $8,000 1,000 Indirect materials 15 Paid factory utilities, $2,100 and repairs for factory equipment, $8,000. owm incurred $108,000 of factory labor. 25 25 Time tickets indicated the following: Direct Labor (7,000 hrs x $12 per hr) = $84,000 Indirect Labor (3,000 hrs x $8 per hr) = 24,000 $108,000 Applied manufacturing overhead to production based on a predetermined overhead rate of $7 per direct labor hour worked. Goods costing $18,000 were completed in the factory and were transferred to finished goods. 25 28 30 Goods costing $15,000 were sold for $20,000 on account