PA13. LO 5.5 Selected information from Skylar Studios shows the following: Raw materials purchased Direct materials Direct labor Factory depreciation Total manufacturing overhead incurred Machine hours per month Unit cost for material Unit cost of conversion Number units transferred $ 5,000 $ 1,500 $11,000 $ 2,000 $15,000 28,000 $ 2 $ 8 15,000 Prepare journal entries to record the following: A. raw material purchased B. direct labor incurred C. depreciation expense (hint: this is part of manufacturing overhead) D. raw materials used E. overhead applied on the basis of $0.50 per machine hour F. the transfer from department 1 to department 2