Question 1 (10 points) B1, C1 The following information pertains to Rami manufacturing Co.: 1- Beginning inventories: Materials $30,000; Work-in process $12,000; Finished goods $15,000. 2- Ending inventories: Materials $10,000; Work- in process $18,000; Finished goods $12,000. 3- During the year, the company purchased materials of $80,000. 4- The company paid labor wages of $500,000. 5- The overhead manufacturing costs were $180,000. Instruction: Prepare the journal entries