Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oit fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct laborhours. Its predetermined overhead rate was based on a cost formula that estimated $342,000 of manufocturing overhead for an estimated allocation base of 950 direct labor-hours. The following transactions took place during the year: a. Raw materials purchased on account, $210,000. b. Raw materials used in production (all direct materials), $195,000. c. Utility bilis incurred on account, $61,000195% related to factory operations, and the remainder related to selling and administrative activities). d. Accrued salary and wage costs: e. Maintenance costs incurred on account in the factory. $56,000 1. Advertising costs incurred on account, $138,000. 9. Depreciation was recorded for the year, $86,000 (75\% related to factory equipment, and the remainder related to selling and admidistrative equipment). h. Rental cost incurred on account, $111,000 ( 80% related to factory facilities, and the remainder related to seling and administrative facilities). 1. Manufacturing overhead cost was applied to jobs, $ ? 1. Cost of goods manufactured for the year, $790,000, k. Sales for the year (all on account) totaled $1,300,000. These goods cost $820,000 according to their job cost sheets. Journal entry worksheet 5. 78,12 The raw materials were purchased for use in production, $210,000 on account. Note: Enter debits before credits. required" in the first account field.) Journal entry worksheet 67812 The raw materials used in production (all direct materials), $195,000. Note: Enter debits before credits. required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. required" in the first account field.) Journal entry worksheet 67812 The salary and wage costs accrued were $240,000 (Direct labor), $92,000 (Indirect labor), $120,000 (Selling and administrative salaries). Note: Enter debits before credits. required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. uired in the first account field.) Journal entry worksheet