A firm produces its products by a continuous process involving three production departments, $1$ through $3.$ Following are the selected transactions related to production during August $($a$)$ Materials purchased on account, $\backslash (\backslash$$ $120,000\backslash )($b$)$ Material requisitioned for use in Department $\backslash (1,\backslash$$ $125,700\backslash ),$ of which $\backslash (\backslash$$ $124,200\backslash )$ entered directly into the product $($c$)$ Labor cost incurred in Department $\backslash (1,\backslash$$ $195,400\backslash ),$ of which $\backslash (\backslash$$ $174,000\backslash )$ was used directly in the manufacture of the product $($d$)$ Factory overhead costs for Department $1$ incurred on account, $\backslash (\backslash$$ $54,740\backslash )($e$)$ Depreciation on machinery in Department $1,\backslash (\backslash$$ $29,200\backslash )($f$)$ Expiration of prepaid insurance chargeable to Department $\backslash (1,\backslash$$ $7,000\backslash )($g$)$ Factory overhead applied to production in Department $1,\backslash (\backslash$$ $106,300\backslash )($h$)$ Output of Department $1$ transferred to Department $2,\backslash (\backslash$$ $362,700\backslash )$