Jacuzi Farm Irrigation Manufacturing Company had the following transactions during the month of May 2022: 1. Purchased raw materials on account, $83,605. 2. Raw Materials of $73,500 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $7,225 was classified as indirect materials. 3. Factory labor costs incurred were $227,810 of which $201,340 pertained to factory wages payable and $26,470 pertained to employer payroll taxes payable. 4. Time tickets indicated that $186,200 was direct labor and $41,610 was indirect labor. 5. Overhead costs incurred on account were $238.740. 6. Manufacturing overhead was applied at the rate of 140% of direct labor cost. 7. Goods costing $52,250 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $116,510 to manufacture were sold on account for $202,300. 9. At the beginning of June, work in process inventory was $63,465.

Instructions and a Hint: 1. Using Word or Excel, journalize in proper journal entry form, the above transactions for Jacuzi Farm Irrigation Manufacturing Company, you do NOT need to provide explanations

-Solve for number 7

\begin{tabular}{|l|l|l|l|} \hline & Work in Process & & \\ \hline 8 & & & \\ \hline & AccountsReceivables & $202,300 & \\ \hline & Sales Revenue & & $202,300 \\ \hline & & & \\ \hline & Cost of Goods Sold & $116,510 & $116,500 \\ \hline & Finished Goods & & \\ \hline \end{tabular}