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Please help with 3-5! Froya Fabrikker A/S of Bergen, Norway, manufactures specialty heavy equipment for use in North Ses oil fields. The company uses a

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Froya Fabrikker A/S of Bergen, Norway, manufactures specialty heavy equipment for use in North Ses oil fields. The company uses a job-order cesting system that applies manufacturing ovechead cost so jobs based on direct lsbor hours. its predefermined overhead rate was based on a cost formula that estimated $351,500 of manufacturing overhead for an estimased allocation base of 950 direct labor hours. The following transactoons occurred during the year: a. Raw muterials purchased on account, $215,000 b. Raw materials used in production foll direct materialsh, $200,000 c. Utility bills incurred on account, $62,000 (85\% related to factory operatians, the remaindec related to selling and administrative activities). d. Accrued salary and wage costs e. Maintenance costs incurred on account in the foctory, $57,000 f. Advertising costs incurred on account, $139.000. 9. Depreciation recordod for the year, $87,000 180\% rolased to foctory equipment, and the remainder related to solling and administrabive equipment: h. Rental cost incurred on account, $112,000 \$85\% related to factory facilites, and the remalnder related to selling and administrative facilities) L. Manufacturing overhead cost applied to jobs, $ ? 1. Cost of poods manufactured, $800,000 K. Sales for the year fall on account totaled $1,350,000. These geods cost \$830,000 according to their fob cost sheets. The beginning balances in the inventory accounts were: Required: 1. Prepare journal entries to record tho peeceding transactions. 2. Post your entries to Taccounts. (Don't forget to enter the beginning inventory balances abowes) 3. Prepare a schedule of cost of goods manufactured. 4A. Prepore a joumal entry to close amy balance in the Manufacturing Overhead account to Cost of Goods Sold. 4B. Prepare a schedule of cost of goods sold 5 . Prepore an income statement. Prepare a schedule of cost of goods manufactured. Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold. Notes: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Prepare a schedule of cost of goods sold. Complete this question by entering your answers in the tabs below. Prepare an income statement

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