Question 3 (5 Marks) Alexa Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials $26,000 Work in process $47,000 Finished goods $133,000 The company applies overhead to jobs using a pre-determined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 31,000 machine hours and incur $248,000 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials purchased: $411,000 b Raw materials requisitioned for use in production: $409,000 ($388,000 direct and $21,000 indirect) C. The following employee costs were incurred: Direct labour: $145,000 Indirect labour: $61,000 Administrative salaries: $190,000 d. Selling costs: $148,000 e. Factory utility costs: $12,000 Required: Prepare the appropriate journal entry for each of the items above (a through e). You can assume that all transactions with employees, customers, and suppliers were conducted in cash