Martinez Company produces a product in two departments: (1) Mixing and (2) Finishing The company u process cost accounting system. Martinez had the following transactions during the current month (a) Purchased materials for $48,000 on account. (b) Direct materials requisitioned for production were Direct materials Mixing department $19,200 Finishing department 13,440 (c) Incurred labor costs of 571,040. (d) Factory labor used: Mixing department $42.240 Finishing department 28,800 le) Manufacturing overhead is applied to the product based on machine hours used in each depar Mixing department 384 machine hours at $30 per machine hour. Finishing department-480 machine hours at $20 per machine hour. Units costing $53,760 were completed in the Mixing Department and were transferred to the Finishing Departmen Units costing $67,200 were completed in the Finishing Department and were transferred to finished goods. (h) Emished goods costing $38,400 were sold on account for $52,800. Prepare the journal entries to record the preceding transactions for Martinez Company. (Credit accou are automatically indented when the amount is entered. Do not indent manually. List all debit entries before entries.) No. Account Titles and Explanation Debit (a) Os Prepare the journal entries to record the preceding transactions for Martinez Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually List all debit entries before credit entries) OS Debit Crei No. Account Titles and Explanation o20 (Purchase of raw materials on account) (b) (To record direct materials used in production) (0) (To record payroll liability) (d) (To assign factory labor to production) (e) (To assign factory labor to production) (e) (To assign overhead to production) (To record transfer of units to the Finishing Department) (To record transfer of units to finished goods) (hi) (To record sale of finished goods on account) (h2) (To record cost of units sold)