BONUS: Joumalize the entries for the following summarized operations related to production for a company using job order costing:

a$.$ $$196,000$ materials purchased on account $($IOB shipping point

$x$

$$200$ freight prepaid by seller and added to invoice$)$

b$.$ Materials requisitioned:

For production orders

$147,700$

For general factory use

$3,100$

c$.$ Factory labor used :$($FICA rate $8\%,$ FIT $20\%)$

On production orders

$147,500$

For general factory purposes

$12,700$

d$.$ Depreciation on factory equipment

$38,500$

e$.$ Factory overhead costs incurred on account

$79,000$

f$.$ Factory overhead applied, based on $45\%$ of direct labor

$g.$ Jobs finished

h$.$ Jobs stipped to customers: $($record the sale and cost of sale$)$ Cost

Selling price $(55\%$ markup on cost $=6\%$ sules tax$)$