Mariya Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of direct materials used in production. Its predetermined overhead rate was based on a cost formula that estimated $221,200 of manufacturing overhead for an estimated allocation base of $158,000 direct material dollars The following transactions took place during the year (all purchases and services were acquired on account) a. Raw materials purchased, $145,000 b. Raw materials requisitioned for use in production (all direct materials), $141,000 c. Utility bills incurred in the factory, $24,000 d. Costs for salaries and wages were incurred as follows Direct labor ndirect labor Selling and administrative salaries$ 143,000 S 223,000 S 61,700 e. Maintenance costs incurred in the factory, $17,000 f. Advertising costs incurred, $128,000 g. Depreciation recorded for the year, $43,000 (70% relates to factory assets, and the remainder relates to selling and administrative assets) occupied by sales and administration) Manufacturing overhead cost was applied to jobs.s ni h. Rental cost incurred on buildings, $85,000 80% of the space is occupied by the factory, and 20% is ling and administrative osts incurred, $11,000 Sales for the year (all on account) totaled $1,100000. These goods cost $530,000 according to theirjolb Cost of goods manufactured for the year, $555,000 cost sheets I. Sales for the year (all on The balances in the inventory accounts at the boginning of the yoar were as follows Raw materials Work in process Finished Goods $ 23,000 $24,000 $34,000 Prepare journal entries to record the above transactions. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list X: 1 Raw materials purchased, $145,000 1.3 Raw materials requisitioned for use in production (all direct materials), $141,000. 2 3 Uutility bills incurred in the factory, $24,000. Costs for salaries and wages were incurred as direct labor $223,000, Indirect labor $61,700 and selling and administrative salaries $143,000. 4 Credit 5 Maintenance costs incurred in the factory, $17,000. 6 Advertising costs incurred, $128,000 Note: journal entry has been entered Record entry Clear entry View general journal Required: 1. Prepare journal entries to record the above transactions. (If no entry is require transaction/event, select"No journal entry required" in the first account field.) View transaction list Depreciation recorded for the year, $43,000 (70% relates to factory assets, and the remainder relates to selling and administrative assets). 7 13 Rental cost incurred on buildings, $85,000 (80% of the space is occupied by the factory, and 20% is occupied by sales and administration) 8 9 Miscellaneous selling and administrative costs incurred, $11,000. 10 Record the Manufacturing overhead cost applied to jobs. 11 Cost of goods manufactured for the year, $555,000. 12 Sales for the vear (all on account) totaled $1, 100,0oo. Note:journal entry has been entered Credit Record entry Clear entry View general jo Required: 1. Prepare journal entries to record the above transactions. (If no entry is required transaction/event, select "No journal entry required" in the first account field.) View transaction list / Rental cost incurred on buildings, $85,000 (80% of the space is occupied by the factory, and 20% is occupied by sales and administration). 8 13 Miscellaneous selling and administrative costs incurred, $11,000. 9 10 Record the Manufacturing overhead cost applied to jobs. 11 Cost of goods manufactured for the year, $555,000. 12 Sales for the year (all on account) totaled $1,100,000. Credit Record the goods cost $530,000 according to their job cost sheets. 13 Note:-journal entry has been entered Record entry Clear entry View general journal