prepare journal entries for these events and part b as well please

The following events occurred over the course of a year at Waterway Corp. which uses a job order costing system: 1 1. Direct materials purchases totaled $585,000. Waterway Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $133,000 of indirect materials were used in production. Waterway uses a separate Supplies Inventory account for indirect materials. 3. $568,000 of direct materials were used in production. 4. The direct labor payroll was $791,000 (credit Wages Payable). 5. Other manufacturing overhead costs incurred during the year totaled $670,000, 6. Waterway applies overhead based on a predetermined overhead rate of $23 per machine hour. The company used 48,000 machine hours during the year. 7. During the year. Waterway transferred goods costing $2,450,000 into the Finished Goods Inventory account. 8. Waterway sold products with a manufacturing cost of $2,398,000 to customers during the year. Prepare T-accounts for the following accounts: Direct Materials Inventory, Work in Process inventory. Manufacturing Overhead Control, and Finished Goods Inventory. Record the transactions from part (a) in the T-accounts and calculate ending account balances. Assume the following beginning account balances (Post entries in order presented in the problem): Balance $31,000 Account Direct Materials Inventory Work in Process Inventory Finished Goods Inventory $22.000 $45,000 Direct Materials Inventory Bal (1) Work in Process Inventory