Name Acct Name 1 Cash 11 Accounts recelvable 12 Raw materials inventory 13 Work in process inventory 4 Finished goods inventery ales actory wages payable Cost of goods sold Wages expense expense 15 ulsted depreciation 00 Factory labor 51 Accounts payable 101 Manufacturing overhead Indicate the journal entries required to recored the following data/events, Your answers must be provided in the following format Assume a customer paid $700 cash for the purchase of an item fiom your store. The answer should bessd JEW1. Debit 10, Credst 11. A 1 Purchased raw materials on account, $96,000 2 Incumed factory labor. $85,000 3. Charged direct labor to job X55 S78 000 Charged Indirect labor to manufactring overhead, s 17 000. 4 Charged direct materials to job X55, $82,000 Indrect material for general plant use 54 50t0 5 Incurred actual manufacturing overhead on account $38.000 7 Recognized depreciation on factory equipment. $11,000 8 Charged overhead to job X55 at 80% of direct labor cost 9 Recorded completion of job X55 10a Recorded cost of sales for job X55 (Perpetual system) Hint Determine total cost ofJ08 X55 ( DMOL . Applied Manuf Ohead) 10b. Recorded revenue from sale of job X55 on account $330,000 11 Assume total actual overhead was $70,500 and total apples overhend was $62,400 for the yoar Record the entry to close the manufacturing overhead account