Prepare the entries for the following transactions.

1. Purchased $119,000 of raw materials on account.
2. Issued $8,400 of supplies from the materials inventory
3. Labor was incurred as follows:
   • Direct labor of $217,000
   • Indirect labor of $300,000
   • Accountants salaries $100,000
4. Recorded depreciation as follows:
   • On computer used by line manager in plant of $10,000
   • On computer used by the accountant $5,000
5. Allocated Manufacturing overhead in the amount of $500,000erm