Question 7 of 9 - 13 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,300, and wages for factory workers were $110,570. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials Factory Labour A1 $43,400 $28,700 A2 33,740 34,000 A3 40,310 17,000 A4 39,610 25,600 General factory use 3,320 5,270 Total 160,380 110,570 3. Manufacturing overhead costs incurred on account were $70,000. 4. Depreciation on machinery and equipment was $ 16,730. 5. The manufacturing overhead rate is 75% of the direct labour cost. Prepare entries for manufacturing costs and assigning costs to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Content WP Lab 3 Chapter 3 x education.wiley.com Lab 3 Chapter 3 Question 7 of 9 - 13 = Prepare entries for manufacturing costs and assigning costs to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record purchases of raw materials on account) (To record factory labour costs) (To record manufacturing overhead costs)Content WP Lab 3 Chapter 3 x education.wiley.com Lab 3 Chapter 3 Question 7 of 9 - 13 (To record manufacturing overhead costs) (To assign factory labour to production) (To assign raw materials to production) (To assign overhead to production)