d 3 out of Question 3 (70 points) Smart Company produces furniture. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $25 per machine hour in 2021). The following data (in millions) show operation costs for 2021. Beginning and ending balances of inventories are as follows: Materials Control, beginning balance, Jan 1, 2021 Work in process Control, beginning balance, Jan 1, 2021. Finished goods Control, beginning balance, Jan 1, 2021 Materials Control, ending balance, Dec 31, 2021 Work in process Control, ending balance, Dec 31, 2021 Finished goods Control, ending balance, Dec 31, 2021, Required $20 30 50 15 40 95 35 Prepare journal entries for the following items during the 2021 (7 points each). a) Direct materials purchased on credit is $150 Dahit Credit