Part1 bb. Create general journal entries, post to applicable inventory T-Accts and create an ABC job worksheet Raw Materials Inventory: $87,547.47 Work in Process Inventory: Necklace Direct Materials - $71,487.99 Ring Direct Materials - $71,257.57; Direct Labor - $87,547.23 a. Finished Goods Inventory: Bracelet 142,547.88 TX Power Electric bill of $13,547.21 arrived b. Processed and paid payroll in cash: Necklace $41,451.88 Supervisors & Staff - $29,658.99 C. Paid cash of $17,457.33 for a TV Commercial d. Sold Bracelet on account for $174,258.99 e. Verizon Internet bill for $5,254.54 arrived f. Paid cash for building rent - $52,489.33 g. h. Transferred raw materials inventory into production Necklace $21,457.84 Ring $18,524.45 - A bill for customer flyers of $4,214.41 arrived i. Recorded depreciation adjusting entry for Building - $24,421.88 & Computers - $4,447.22 End of the month payroll is processed and paid in j. cash: Cost Accountant - $11,114.44 Ring $8,524.45 - Necklace $11,457.84 Paid cash for fuel & maintenance costs for delivery k. truck $11,587.44 I. Transferred manufacturing overhead inventory to work-in-process inventory. When allocating the service department costs to the product costs use the direct method utilizing the following cost drivers: IT (# of computers) Support Staff (# of employees) Transferred Ring to the Finished Goods m. Inventory n. Sold Ring for cash for $324,525.11 Part2 Create general journal entries, post to applicable inventory T-Accts and create an ABC job worksheet All transactions are the same except: On Transaction k., use # of customers instead of # of deliveries as the cost driver for this indirect cost On Transaction I, use the step method to allocate the service department costs to the product costs where the Support Staff is supporting the IT Bracelet Necklace Ring IT Support Units Produced 480 520 720 # of Employees 100 200 9 21 # of Customers 250 300 # of Deliveries 70 70 90 # of Computers 50 60 50 60 31 22 Building Sq. Foot 14,000 15,000 2,000 3,500