Prepare the journal entries for the following transactions for Long company using job costing

Materials purchased on account $50,500

Materials requisitioned for use in production: direct materials, $30,600; indirect materials $5,400

Manufacturing labor incurred, 26,000.

Manufacturing labor allocation: 90% direct labor, 10% indirect labor

Depreciation on factory equipment, $5,000

Prepaid expenses used relating to manufacturing operations, $6,100

Other miscellaneous factory costs incurred, $12,000(credit account payable)

Manufacturing overhead is allocated at 120% of direct labor

Cost of jobs completed, $80,000

Jobs sold to customers on account: cost of jobs , $70,000; sales price, $125,000