Note: Always keep track of your work. Wowza Corporation manufactures party supplies and uses a predetermined overhead. The CFO has estimated total manufacturing costs to be $108,500, and the activity driver is direct labor hours, which are estimated to be 62,000 hours. The following beginning balances are below: Work in Process $ 19,800 Finished Goods $ 37,100 Prepare this journal entry: Raw materials purchased were $134,700 and put on the account. Wowza Corporation manufactures party supplies and uses a predetermined overhead. The CFO has estimated total manufacturing costs to be $108,500, and the activity driver is direct labor hours, which are estimated to be 62,000 hours. The following beginning balances are below: Work in Process $ 19,800 Finished Goods $ 37,100 Prepare this journal entry: Raw materials were requisitioned; direct materials were 75% of the total $121,800. Wowza Corporation manufactures party supplies and uses a predetermined overhead. The CFO has estimated total manufacturing costs to be $108,500, and the activity driver is direct labor hours, which are estimated to be 62,000 hours. The following beginning balances are below: Work in Process Finished Goods $ 19,800 $ 37,100 Prepare this journal entry: Rent expense was paid for $37,600; the factory allocation is 45%.