Fargo Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials..... $24,000 Work in process. $73,000 Finished goods... ...$27,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 44,000 machine-hours and incur $187,000 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased on account, $523,000. Raw materials were requisitioned for use in production, $520,000 ($490,000 direct and $30,000 indirect). The following employee costs were incurred and paid: direct labor, $425,000; and indirect labor, $65,000; d. Other manufacturing overhead costs incurred on account were $94,000. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 46,000 machine-hours. f. The cost of goods manufactured and transferred to Finished Goods for the year was $1,016,000. Sales for the year totaled $1,425,000 and the costs on the job cost sheets of the goods that were sold totaled $999,000. All sales are on account. h. The balance in the Manufacturing Overhead account was closed out to Cost of Goods Sold. a b. c. e. g Required: Prepare the appropriate journal entry for each of the items above (a through h). Be sure to list the debit first and note that it is the debit and then list the credit. See the example below: Entry x: Debit Raw Materials 500 Credit Cash 500