Prepare journal entries of the following transactions of Incek Manufacturing Company according to choice 7/A in the Uniform Accounting System. 1. Company purchased materials for 295,000 (18% VAT included) on account. 2. Used raw materials costing 150,000, factory supplies costing 30,000 and administrative office supplies costing 20,000. 3. Accrued wages for factory workers is 120,000 (100,000 for the time spent in production, 20,000 for side work like area cleaning, machine maintenance, etc.). Net amount of wages after deduction of 22,000 for taxes and 30,000 for social security is recorded in the workers accounts to be paid on the first day of the next month. 4. Manufacturing costs are applied to products produced. 5. Calculated cost of products completed is 270,000. 6. Company sold finished products to a wholesaler for 413,000 cash (18% VAT included). 7. Calculated cost of products sold is 300,000.