ALL costs relate to one job. 9/1/24 9/20/24 During the current month, Ringling Company incurs the following manufacturing costs: Predetermined overhead rate on Direct Labor Costs is Raw materials purchases Factory labor payable Beg Bal Raw Materials Inventory $0 Accou Beg Bal 85% $4,200 $15,000 9/30/24 $0 9/30/24 9/20/24 Payroll taxes payable (Employee) $3,000 9/22/24 Factory utilities payable $2,200 9/22/24 Prepaid factory insurance expired $1,800 9/25/24 Factory building depreciation $3,500 Beg Bal Factory Salary & Wages Expense $0 Salary & Beg Bal 9/25/24 14 9/30/24 Company books entries to move total costs to Work in Process including applied M/O Books entries to move all WIP to Finished Goods Inventory 15 16 10/3/24 Records sale of item. Use markup of 50% 9/30/24 $0 9/30/24 17 18 Prepare the journal enties below. Then calculate the balances for each account involved in the T-accounts to the right. 19 This requires you to remember Debits and Credits and the normal balances of accounts. 20 21 Preparer Name: 22 Company Name: Ref 23 Date 24 25 26 27 28 29 30 31 32 Journal + Transaction Date: Debit Credit + Beg Bal Manufacturing Overhead $1,200 Beg Bal Prepa $16,20 9/30/24 Work in Process Beg Bal $0 9/30/24 $16,2012 Finis Beg Bal $2,00 90%