Prepare the following entries for the coffee company that uses a normal costing system

15. Transactions (20 points) Prepare the following entries for the Coffee Company that uses a normal costing system (the word control is assumed for each of the accounts - you do not need to use it) Raw material purchased on account for $10,000 Raw materials were used in the amount of $9,000 ($8,000 direct and $1,000 indirect) Wages and salaries were recorded in the amount of $45,000 ($10,000 direct labor, $20,000 indirect, and $15,000 for office workers). Depreciation was recorded as $50,000 ($30,000 factory and $20,000 for administrative building). Insurance cost for the sales people cars of $5,000. Manufacturing overhead was allocated based on 300% of direct labor costs. Completed goods that had a cost of $12,000