Cascade, Inc. had the following activities during its most recent period of operations. All inventory accounts began the period with a zero balance.

(a) Purchased raw materials on account for $190,000 (both direct and indirect materials are recorded in the Raw Materials Inventory account).

(b) Issued raw materials to production of $168,000 (80% direct and 20% indirect).

(c) Incurred factory labor costs of $160,000; allocated the factory labor costs to production (70% direct and 30% indirect).

(d) Incurred factory utility costs of $21,350; this amount is still payable.

(e) Applied overhead at 120% of direct labor costs.

(f) Recorded factory depreciation, $34,650.

(g) Close any under or over applied overhead.

Prepare journal entries to record the above transactions. The following is an example of how you should format your answers:

Dr. Rent Expense - Office Space: $1,000

Cr. Cash: $1,000