heducahon.com OX-raman7096 Pearson President's Choice. Sse Seved Exercise 3-4 Preparing Journal Entries and T-Accounts (LO3 - CC5; L04 - CC8; LO5.CC10; L06. CC12) Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year 53 a. Raw materials were purchased on account. $238.000 b. Raw materials were issued to production. $215,200 $201.800 direct materials and $13.400 indirect materials) c. Direct labour cost was incurred, S111,400: Indirect labour cost was incurred, $102.600. d. Depreciation was recorded on factory equipment. 541400. - Other manufacturing overhead costs were incurred during October $79,800 (credit accounts payable) t. The company applies manufacturing overhead cost to production on the basis of $8.00 per machine hour. There were 34 200 machine-hours recorded for October g. Production orders costing $590.000 according to their job cost sheets were completed during October and transferred to finished goods h. Production orders that had cost S543,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 25% above cost. The goods were sold on account Required: 1. Prepare journal entries to record the preceding Informationtlf no entry is required for a particular transaction, select "No journal entry required in the first account field.) Journal entry worksheet 2. Prepare T-accounts for manufacturing overhead and work in process. Post the relevant information above to each account Compute the ending balance in each account, assuming that work in process has a beginning balance of $43,400 Manufacturing Overhead Beg, bal End bal Work in Process Beg bal End be