E2-2 (Algo) Preparing Journal Entries (LO 2-S1) Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $ 5,180 4,500 $ 9,600 Source documents revealed the following during March: Materials Requisitions Forms Job 33 $ 2,700 Job 34 3,100 Job 35 3,600 Indirect 1,300 $10,700 Labor Time Tickets Status of Job at Month-End $ 4,800 Completed and sold 4,800 Completed, but not sold 2,400 In process 2,180 $ 14,100 The company applies overhead to products at a rate of 55 percent of direct labor cost. Required: Prepare journal entries to record the materials requisitions, labor costs, and applied overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list I Journal entry worksheet Record the issuance of raw materials to production. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet