a. Fow matenals purchased on account, $209.000. b. Raw materials used in production, $188.000($150,400 direct materiais and 337.600 indirect matertals) c. Accrued direct labor cont of $43,000 and indirect labor cost of $21,000 d. Depreciation recorded on factory equipment, $104,000, e. Other manufacturing overhead costs accrued during Octobec, $129.000. t. The company apphes manufacturng overhead cost to production using a predetermined rate of $7 per machine-hour. A total of 76,000 machine-hours were used in October 9: Jobs costing $515,000 according to their job cost sheets were completed during October and transferred to Finished Goods h. Jobs that had cost $451,000 to complete according to their job cost sheets were shipped to customers during the month. These Jobs were soid on account at 30% above cost Required: 1. Prepare journal entries to record the tansactions given above 2 Prepare T-accounts for Monufacturing Overhead and Work in Process. Post the relevant transacuons from above to each account. Compute the ending baiance in each account, assuming that Work in Process hos a beginning bolance of $37,000. Complete this question by entering your answers in the tabs below. Pregare T-accounts for Maniacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $37,000