BCORCO is a manufacturing entity located in downtown Santa Monica. It manufactures widgets in its factory. During the month of January 2022 its accounting records reflected the following:

1. Beginning raw materials inventory balance was ...........$25,000
2. During January BCORCO purchased ..........................$100,000 of raw materials
3. The beginning balance in WIP was .............................$15,000
4. Wages incurred and paid in January totals $90,000 of which $20,000 was for indirect labor and $10,000 was for administrative wages. Direct labor rate was $25 per hour.
5. Depreciation expenses for January totaled $85,000 of which $65,000 was for factory equipment
6. Factory rent and utilities paid in January amounted to $55,000
7. Raw materials requisitioned for production totaled $115,000 included $12,000 of indirect materials
8. Other overhead expenses totaled .............................$75,000
9. Overhead applied to WIP totaled .............................$228,000 in January.
10. The balance in WIP at the end of the month was .............................$7,000.
11. The balance in Finished Goods inventory was $30,000 at January 1 and $4,000 at January 31
12. Any over/under applied overhead is closed out at the end of the period.

REQUIRED:

1. Journalize transactions # 2; 4; 5; 6; 7; 8; 9
2. Prepare T accounts to reflect data from 1-12 above.