Flow of Product Costs through Accounts Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions: a. Purchased material on account. b. Recorded wages payable (for indirect labor) earned but not paid. c. Requisitioned both direct material and indirect material. d. Assigned direct and indirect labor costs. e. Recorded factory depreciation and accrued factory property tax. f. Applied manufacturing overhead to production. g. Completed work on products. h. Sold finished goods on account