Journal entries Nottaway Flooring produces custom-made floor tiles. The company's Raw Material Inventory account contains both direct and indirect materials. Until the end of April, the company worked solely on a large job (#4263) for a major client. Near the end of the month, Nottaway began Job #4264. The following information was obtained relating to April production operations. 1. Raw material purchased on account, $163,200. 2. Direct material issued to Job #4263 cost $131,040; indirect material issued for that job cost $9,968. Direct material costing $1,496 was issued to start production of Job #4264. 3. Direct labor hours worked on Job #4263 were 3,600. Direct labor hours for Job #4264 were 120. All direct labor employees were paid $12 per hour. 4. Other actual factory overhead costs incurred for the month totaled $54,960. This overhead consisted of $14,400 of supervisory salaries, $17,200 of depreciation charges, $5,760 of insurance, $10,000 of indirect labor, and $7,600 of utilities. Salaries, insurance, and utilities were paid in cash, and indirect labor charges were accrued. 5. Overhead is applied to production at the rate of $14.40 per direct labor hour. Beginning balances of Raw Material Inventory and Work in Process Inventory were, respectively, $3,440 and $9,120. Of the beginning WIP balance, $640 was related to Job #4263. Job # 4263 was completed during April. a. Prepare journal entries for Transactions 1-5. Note: List any multiple debits or any multiple credits in alphabetical order by account name. Debit Credit 163,200 0 0~ 163,200 131,040 x 1,496 x 0 0 % 0 0 132,536 x 43,200 0 1,440 0 44,640 Account 1 Raw Material Inventory Accounts Payable To record raw materials purchased on account 2 Manufacturing Overhead Control Work in Process Inventory for Job 4263 Work in Process Inventory for Job 4264 Raw Material Inventory To record the direct materials issued 3 Work in Process Inventory for Job 4263 Work in Process Inventory for Job 4264 Cash To record the labor costs 4 Manufacturing Overhead Control Accumulated Depreciation Cash Wages Payable To record actual overhead costs 5 Work in Process Inventory for Job 4263 Work in Process Inventory for Job 4264 Manufacturing Overhead Control To record the application of OH " 4 64,928 x 0 0 17,200 0 10,000 x 0 9,968 * 51,840 1,728 0 0 53,568