Issuance of Materials On May 7, Slinger Company purchased on account 650 units of raw materials at $20 per unit. Dunng May, raw materials were requisitioned for production as follows: 234 units for Job 200 at $18 per unit and 306 units for Job 305 at $20 per unit, Journalize the entry on May 7 to record the purchase. Materials May 7 Accounts Payable Festa May 7 Record materials at the total purchase price Journalize the entry on May 31 to record the requisition from the materials toreroom. May 31 Work in Process Materials - o 8 9 6 1 004 1 P O DE 4 5 T K F . G 2 Dune -N A end M M B N V Direct Labor Costs During May, Hatch Company accumulated 620 hours of direct labor costs on Job 200 and 850 hours on Job 305. The total direct labor was incurred at a rate of $20 per direct labor hour for Job 200 and $22 per direct labor hour for kb 305 Journalize the entry to record the flow of labor costs into production during May. Work in Process Wages Payable Labor costs we unction of the total hours and the hourly rate. SUM 8 9 1 8 9 7 o P U 4 Ion K K L H G Dave ng B. N V M M 0 Ctrl Factory Overhead Costs During May, Hatch Company incurred factory overhead costs as follows: indirect materials, 30; indirect labor $5.210; utilities cost $2,040; and factory depreciation, $3,520. Journalize the entry to record the factory overhead incurred during May. For a compound transaction, an amount box does not require an entry, leave it blank Factory Overhead Materials Wages Payable tities Payable Accumulated Depreciation Factory Record the expenses concetto case the con Como una O 7 8 6 o 7 8 9 .60 D [ U O R A 5 L. G H K K U 2 M B. N 0 hp HP Laptop