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Please Help!! Must prepare journal entries, all in order as show. Thank you. Exercise 4-1? (Part Level Submission) The following events occurred over the course

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Please Help!! Must prepare journal entries, all in order as show. Thank you.

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Exercise 4-1? (Part Level Submission) The following events occurred over the course of a year at Bag by Corp., which uses a job order costing system: 1. Direct materials purcham totaled $450,000. All purchases were on account. 2. $244,000 of Indirect materials were used in production. Bagby uses a separate Supplies Inventory account for indirect materials. 3. $414,000 of direct materials were used in production. 4. The direct labor payroll was $948,118 (credit Wags Payable). 5. Other manufacturing overhead costs incu n-ed during the year totaled $568,000 (credit Accounts payable). 6. Bagby applies overhead based on a predetermined overhead rate of $15 per machine hour. The company used 51,000 machine hours during the year. 7. During the year, Bagby transferred goods costing $2,068,000 into the Finished Goods Inventory account. B. Bagby sold products with a manufacturing cost of $2,04?,000 to customers during the year.

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