Floyd's Auto Repair Shop uses a job order cost system to track the cost of each repair. Floyd's applies its garage or shop overhead at a rate of $20 per direct labor hour spent on each repair. Floyd's uses the following accounts to track the cost of all repairs: Raw Materials (parts and supplies) Repair Jobs in Process Cost of Repairs Completed and sold Garage/Shop* Overhead Costs * Because an auto shop does not manufacture a product, the overhead cost would include all of the indirect costs that are incurred in the garage or shop that cannot be traced to a specific repair job. The following transactions occurred during the most recent month: (a) Purchased raw materials (parts and supplies) on account $22,400. (b) Used $16,800 in raw materials (parts and supplies). Of this, $12,600 was for major parts that were traceable to individual repair jobs, and the remainder was for incidental supplies such as lubricants, rags, fuel, and so on. (c) Recorded a total of $8,000 in direct labor cost (for 400 hours) that are owed but not yet paid. (d) Applied overhead to repair jobs at a rate of $24.70 per direct labor hour. (e) Recorded the following actual overhead costs: Rent on garage (prepaid in the prior month) Depreciation on repair equipment Garage supervisor's salary (owed but not yet paid) $ 12,800 1,800 3,400 (f) Completed repair jobs costing $51,000 and charged customers at cost plus an additional 25 percent. (Note: You can bypass the Finished Goods Inventory account, which is not appropriate in this context.) Required: Prepare journal entries for transactions (a)-( using the account names shown and other appropriate accounts such as Cash, Payables, Accumulated Depreciation, Prepaids, and Sales Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet