A firm produces its products by a continuous process involving two production departments,1 and 2. Present entries to record the following selected transactions related to production during August.

a) Materials purchased on account $230,000

b)Material requisitioned for use in department 1, 125,700 of which 124,200 entered directed into the product.

c) Labor cost incurred in department 1, $195,400 OF WHICH $174,000 was used directly in the manufacture of the product

d) factory overhead cost for department 1 incurred on account $72700

e) Deprication on machinery in department 1 $29200

f)Expiration of prepaid insurance chargeable to department 1 $7000

g) factory overhead applied to production 105300