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Please answer all of the following Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the

Please answer all of the following

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Canada Capital Company uses a job-order costing system. The following data relate to October, the first month of the company's fiscal year: a. Raw materials were purchased on account, $242,000. b. Raw materials were issued to production, $218,800 ($205,200 direct materials and $13,600 indirect materials). c. Direct labour cost was incurred, $111,600; indirect labour cost was incurred, $104,400. d. Depreciation was recorded on factory equipment, $41,600. e. Other manufacturing overhead costs were incurred during October, $81,200 (credit accounts payable). f. The company applies manufacturing overhead cost to production on the basis of $8.00 per machine-hour. There were 34,800 machine-hours recorded for October. g. Production orders costing $600,000 according to their job cost sheets were completed during October and transferred to finished goods. h. Production orders that had cost $552,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold at 25% above cost. The goods were sold on account. Required: 1. Prepare journal entries to record the preceding information. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 > Record raw material purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a.2. Prepare T-accounts fer manufacturing overhead and work in process. Post the relevant Information above to each account. Compute the ending balance in each accounl' assuming that work in process has a beginning balance of $43,600

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