On January 1, XYZ Magatie purchased 10 rolls of paper on account at $200 per roll for use in production of the January issue of two mogarines (Student Money Beach Lie BLI). During January 4 rolls of paper were inued to the SM job and 2 rolls to the job in the printing department. Workers in the printing department logged 25 hours and 10 hours SM and respectively, at a laborate of $25 per hout. XYZ Manufacturing expected to incur 5200,000 of total factory overhead costs for the year and 20 000 hours of rector and ocates factory overhead based on direct labor hours, On January 31, the SM magazine was completed and shipped to the magazine stand with an invoice for 55.000 The Imagerie was completed but not sold Journalize the following using T-Accounts as necessary 1. The purchase of the paper 2. The transfer of raw materials to work in process jobs. 3. The application of direct labor to jobs 4. The application of factory overhead to jobs 5. The transfer of job based on progress 6. Inventory bolonces at Jonuary Materials Work in Process Finished Goods Cross profit on the Student Monthly magazine was On January 1, XYZ Magatie purchased 10 rolls of paper on account at $200 per roll for use in production of the January issue of two mogarines (Student Money Beach Lie BLI). During January 4 rolls of paper were inued to the SM job and 2 rolls to the job in the printing department. Workers in the printing department logged 25 hours and 10 hours SM and respectively, at a laborate of $25 per hout. XYZ Manufacturing expected to incur 5200,000 of total factory overhead costs for the year and 20 000 hours of rector and ocates factory overhead based on direct labor hours, On January 31, the SM magazine was completed and shipped to the magazine stand with an invoice for 55.000 The Imagerie was completed but not sold Journalize the following using T-Accounts as necessary 1. The purchase of the paper 2. The transfer of raw materials to work in process jobs. 3. The application of direct labor to jobs 4. The application of factory overhead to jobs 5. The transfer of job based on progress 6. Inventory bolonces at Jonuary Materials Work in Process Finished Goods Cross profit on the Student Monthly magazine was