Calculator A firm produces its products by a continuous process involving three production departments, 1 through 3. Prepare entries to record the following selected to to production during August: a. Materials purchased on account, $120,000 b. Material requisitioned for use in Department 1, $125,700, of which $124.200 entered directly into the product. If an amount box does not require an entry c. Labor cost incurred in Department 1.5198,400, of which $174,000 was used directly in the manufacture of the product. If an amount box does not require it blank d. Factory overhead costs for Department 1 incurred on account, $54,700 d. Factory overhead costs for Department 1 incurred on account, $54,700. e. Depreciation on machinery in Department 1, $29,200, 1. Expiration of prepaid insurance chargeable to Department 1, $7,000. 9. Factory overhead applied to production in Department 1, $106,300. h Output of Department 1 transferred to Department 2, 5362,700