9 14 For each of the transactions for the month below, journalize the necessary entry. The first entry has been completed for you. a. Materials purchased on account, $412,000. Description Dobil Credit b. Materials requisitioned for use in production, $398,000. $18,000 of this was for general factory use Description Debit Credit 10 20 c. Factory labor during the period was $550,000. $30,000 of this was indirect Description Debit Credit d. Depreciation of the factory equipment, $26,000. Description Dobit Credit Sheet 3 13 AR D d. Depreciation of the factory equipment. $26,000. Description Debit Credit e. Depreciation of the office equipment, $15,000. Description Debit Credit 7 1. Factory prepaid rent that expired during the period, $6,000. " Description Debit Credit 41 42 41 g. Office prepaid rent that expired during the period, $2,000, 44 Description Debit Credit 43 47 48 h. Other costs incurred on account for factory overhead included $40,000. Description Debit Credit 30 1.0 N o Estimated factory overhead cost for the period was $120,000 and estimated direct labor hours for the period were 40,000 hours. Assuming that overhead h. Other costs incurred on account for factory overhead included $40,000. Description Debit Credit Estimated factory overhead cost for the period was $120,000 and estimated direct labor hours for the period were 40,000 hours. Assuming that overhead is applied based on direct labor hours and that the company used 42,000 direct labor hours during the period, apply factory overhead. Description Debil Credit Close out the factory overhead balance to cost of goods sold. Description Debit Credit k. Jobs completed during the period, $900,000 Description Debit Credit 1. Cost of goods sold, $850,000) Description Debit Credit Sheet eady Accessibility Good to go