Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,339,600 in manufacturing overhead cost at an activity level of 571,000 machine-hours. The company spent the entire month of January working on a large order for 12,700 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $310,000. b. Raw materials used in production, $268,000 (80% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $150,000 (one-third direct labor and two-thirds indirect labor). d. Depreciation recorded on factory equipment. $63,200. e. Other manufacturing overhead costs incurred on account, $85,500. f. Manufacturing overhead cost was applied to production on the basis of 40,880 machine-hours actually worked during the month. 9. The completed job for 12,700 custom-made machined parts was moved into the finished goods warehouse on January 31 to await delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.) Journal entry worksheet Raw materials purchased on account, $310,000. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Raw materials used in production, $268,000 (80% direct materials and 20% indirect materials). Note: Enter debits before credits. Transaction General Journal Debit Credit b. Labor cost accrued in the factory, $150,000 (one-third direct labor and two- thirds indirect labor). Note: Enter debits before credits. Transaction General Journal Debit Credit C. Depreciation recorded on factory equipment, $63,200. Wote: Enter debits before credits. Transaction General Journal Debit Credit d. Other manufacturing overhead costs incurred on account, $85,500. Note: Enter debits before credits. Transaction General Journal Debit Credit Manufacturing overhead cost was applied to production on the basis of 40,880 machine-hours actually worked during the month. Note: Enter debits before credits. Transaction General Journal Debit Credit f