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Please help!! 6 The advertising costs were incurred on account, $149,000. 7 The depreciation was recorded for the year, $85,000 ( 70% related to factory

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6 The advertising costs were incurred on account, $149,000. 7 The depreciation was recorded for the year, $85,000 ( 70% related to factory equipment, and the remainder related to selling and administrative equipment). 8 The entry for rental cost incurred on acco dimht on buildings, $110,000 ( 75% related to factory facilities, and the remainder related to selling and administrative facilities). 9 The entry for manufacturing overhead cost applied to jobs. 10 The cost of goods manufactured for the year, $900,000. 11 The sales for the year (all on account) totaled $1,850,000. 12 The goods cost $930,000 according to their job cost sheets. Froya Fabrikker A/S of Bergen, Norway, manufactures specialty heavy equipment for use in North Sea oil fields. The company uses a job-order costing system that applies manufacturing overhead cost to jobs based on direct labor-hours. Its predetermined overhead rate was based on a cost formula that estimated $351,000 of manufacturing overhead for an estimated allocation base of 900 direct. labor-hours. The following transactions occurred during the year: a. Raw materials purchased on account, $265,000. b. Raw materials used in production (all direct materials). $250,000. c. Utility bills incurred on account, $72,000 (85\% related to factory operations, and the remainder related to selling and administrative activities). d. Accrued salary and wage costs: e. Maintenance costs incurred on account in the factory, $67,000 f. Advertising costs incurred on account, $149,000. g. Depreciation recorded for the year, $85,000,70% related to factory equipment, and the remainder related to selling and administrative equipment). h. Rental cost incurred on account, $110,000 (75\% related to factory facilities, and the remainder related to selling and administrative facilities). 1. Manufacturing overhead cost applied to jobs, $ ? j. Cost of goods manufactured, $900,000. . Sales for the year (all on account) totaled $1,850,000. These goods cost $930,000 according to their job cost sheets. The beginning balances in the inventory accounts were: Required: 1. Prepare journal entries to record the preceding transactions. 2. Post your entries to T-accounts. (Don't forget to enter the beginning inventory balances above.) 3. Prepare a schedule of cost of goods manufactured. 4A. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. 1 The raw materials were purchased for use in production, $265,000 on account. 2 The raw materials used in production (all direct materials), $250,000. 3 The utility bills were incurred on account, $72,000 (85\% related to factory operations, and the remainder refited to selling and administrative activities). 4 The salary and wage costs accrued were $295,000 (Direct labor), $103,000 (Indirect labor), $175,000 (Selling and administrative salaries). 5 The maintenance costs were incurred on account in the factory, $67,000

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