Problem 4 (12 Points) On November 2, Newsprint Manufacturing purchased 5 rolls of paper on account a production of the December magazine. On November 5, 4 rolls of paper was i department. A worker in the printing departmen Newsprint Manufacturing expected to incur $255,556 of total factory overhead costs of direct labor. On November 20 the magazine was completed and transferred to t logged 45 hours in Job 157A at a labor rate of S15 per hour for the year and 10,000 hours e magazine stand th Journalize the following: 1. The purchase of the paper. 2. The transfer of raw materials to work in process 3. The application of direct labor 4. The application of manufacturing overhead to Job 157A 5. The transfer of Job 157A to finished goods at cost