Dillon Products manufactures various machined parts to customer specifications. The company uses a job- order costing system and applies overhead costs 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 $4,271,200 in manufacturing overhead cost at an activity level of 562,000 machine-hours The company spent the entire month of January working on a large order for 8,400 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, $317,000 b. Raw materials requisitioned for production, $271,000 (80% direct and 20% indirect) c. Labor cost incurred in the factory, $174,000, of which $58,000 was direct labor and $116,000 was indirect labor. d. Depreciation recorded on factory equipment, $63,000. e. Other manufacturing overhead costs incurred, $86,000 (credit Accounts Payable). f. Manufacturing overhead cost was applied to production on the basis of 40,550 machine-hours actually worked during the month. g. The completed job 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.) Required: 1. Prepare journal entries to record items (a) through (f above. re item (g) for the moment (If no entry is required for a transactionlevent, select "No jo urnal entry required" in the first account field. Do not round intermediate calculations.) view transaction view general journal st Transaction General Journal Debit Credit Raw materials 317,000 Accounts payable 317,000 Direct materials 212,800 212,800 Raw materials Indirect materials 53,200 53,200 Raw materials d. Direct labor 53,000 106,000 Indirect labor Wages and salaries payable 159,000 e. Depreciation 63,700 Accumulated depreciation 63,700 63,700 Depreciation 63,700 Depreciation