Alberta Capital Company uses a job-order costing system. The following data relate to January, the first month of the company's fiscal year a. Raw materials were purchased on account, $402,200. b. Raw materials were issued to production, $292,200 ( $230,200 direct materials and $62,000 indirect materials). c. Direct labour cost was incurred, $122,200; indirect labour cost was incurred, $85,500 d. Depreciation was recorded on factory equipment, $85,500 e. Other manufacturing overhead costs were incurred during January $162,000 (credit accounts payable). 1. The company applies manufacturing overhead cost to production on the basis of $13.70 per machine-hour. There were 31,100 machine-hours recorded for January. g. Production orders costing $759,000 according to their job cost sheets were completed during January and transferred to finished goods. h. Production orders that had cost $702,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 20% above cost. The goods were sold on account. Required: 1. Prepare journal entries to record the preceding information. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) 2. Prepare T-accounts for manufacturing overhead and work in process. Post the relevant information above to each account. Compute the ending balance in each account, assuming that work in process has a beginning balance of $43,100