Paragraph Styles 11) River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred $150,000 84,000 125,000 Factory overhead incurred Cost of goods completed Cost of goods sold 146,000 288,000 258,000 Beginning direct materials inventory 25,000 Beginning WIP inventory 69,000 Beginning finished goods inventory 51,000 Overhead application rate, as a percent of direct-labor costs 120 percent The journal entry to record the materials purchased on account would include: Account Debit Credit The journal entry to record the materials placed into production would include: Account Debit Credit The journal entry to record the direct labor costs incurred would include: Account Debit Credit The journal entry to record applied overhead would include: Account Debit Credit The journal entry to transfer completed jobs to finished goods would include: Account Debit Credit Ti The journal entry to finished goods to cost of goods sold would include: Account Debit Credit Was manufacturing overhead under or over applied? By what dollar amount