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I need help doing my T-Accounts please help me! South China market. The company sells its birdcages through an extensive network of street vendors who

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South China market. The company sells its birdcages through an extensive network of street vendors who receive commissions on their sales. All of the company's transactions with customers, employees, and suppliers are conducted in cash, there is no credit. The company uses a job-order costing system in which overhead is applied to jobs on the basis of direct labor cost. Its predetermined overhead rate is based on a cost formula that estimated $67.500 of manufacturing overhead for an estimated activity level of $45,000 direct labor dollars. At the beginning of the year, the inventory balances were as follows: Raw materials 10,700 Work in process 4.800 Finished goods 8,500 During the year, the following transactions were completed a. Raw materials purchased for cash, $166,000 b, Raw materials requisitioned for use in production, $144,000 (materials costing $125,000 were charged directly to jobs, the remaining materials were indirect). C. Costs for employee services were incurred as follows: $178,000 Direct labor $189,700 Indirect labor 30,000 Sales commissions Administrative salaries 45,000 d. Rent for the year was $18,600 ($13,400 of this amount related to factory operations, and the remainder related to selling and administrative activities). e, Utility costs incurred in the factory, $14,000 f Advertising costs incurred, $14,000 g. Depreciation recorded on equipment, $23,000. ($17,000 of this amount was on equipment used in factory operations the remaining $6,000 was on equipment used in selling and administrative activities. h, Manufacturing overhead cost was applied to jobs, $2 Goods that had cost $226,000 to manufacture according to their job cost sheets were completed ales for the year totaled $501.000. The total cost to manufacture these goods according to their job cost sheets was $216,000. Required 1. Prepare journal entries to record the transactions for the year. (f no entry is required for a first account field. Round yo transaction event, select "No journal entry required intermediate calculations to 2 decimal places.) w transaction list lioumal enry worksheet Transaction Ge eneral Journal Raw materials 166 000 Cash 166,000 125 000 Work in process Manufacturing overhead 19000 Raw materials 144.00 178 000 in process Sales commission expense 30 000

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