a. Raw materials purchased on account, $210,000 b. Raw materials used in production, $192,000 ( $153,600 direct materials and $38,400 indirect materials). c. Accrued direct labor cost of $48,000 and indirect labor cost of $22,000. d. Depreciation recorded on factory equipment, $105,000. e. Other manufacturing overhead costs accrued during October, $131,000 f. The company applies manufacturing overhead cost to production using a predetermined rate of $6 per machine-hour. A total of 76,500 machine-hours were used in October. g. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods. h. Jobs that had cost $452,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 24% above cost. Required: 1. Prepare journal entries to record the transactions glven above. 2. Prepare T-accounts for Manufacturing 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 $33,000. Record the raw materials issued to production, $192,000 ( $153,600 direct materials and $38,400 indirect materials). Note: Enter debits before credits. Record the entry for accrued direct labor cost incurred, $48,000; indirect labor cost incurred, $22,000. ote: Enter debits before credits. Depreciation recorded on factory equipment, $105,000. Note: Enter debits before credits. Other manufacturing overhead costs accrued during October, $131,000. Note: Enter debits before credits. The company applies manufacturing overhead cost to production on the basis of $6 per machine-hour. A total of 76,500 machine-hours were recorded for October. Note: Enter debits before credits. Jobs costing $513,000 according to their job cost sheets were completed during October and transferred to Finished Goods. Note: Enter debits before credits. Record the cost of goods sold. Note: Enter debits before credits. Record the sales on account. Note: Enter debits before credits