Q3: Docksider Boats uses a job order cost accounting system. During one month Docksider purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect and rest is direct. Docksider incurred a factory payroll of $95,000, paid in cash, of which $25,000 is classified as indirect labor and rest is direct. Docksider uses a predetermined overhead application rate of 170% of direct labor cost. Required Prepare the necessary journal entry