During the current month, Ivanhoe Company incurs the following manufacturing costs. (a) Purchased raw materials of $20,000 on account. (b) Incurred factory labor of $43,200. (c) Factory utilities of $3,140 are payable, prepaid factory insurance of $2,860 have expired, and depreciation on the factory building is $10,400. Prepare journal entries for each type of manufacturing cost. (Use a summary entry to record manufacturing overhead.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (Purchases of raw materials on account) (b ) (To record factory labor costs) (c)