A firm produces its products by a continuous process involving three production departments, 1 through 3. Present entries to record the following selected transactions related to productions during August:

A) materials purchased on account $120,000

B) materials requisitioned for use in department 1, 125,000$, of which 124,200 entered directly 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 costs for department 1 incurred on account, $54,700

E) depreciation on machinery in department 1, $29,000

F) expiration of prepaid applied to production in department 1 $7,000

G) factory overhead applied to production in department 1, $106,000

H) output of department 1 transferred to department 2, $362,700