QUESTION Major League bat Company manufactures baseball bats in addition to s work process mintones, the company metams montones of add good materials as deect matenas in production and a doctorals its factory payroll costs include direct labor te production and exdred labor Almana on atdod at the begering of the process, and convervon costs an acted only toughout the production process Required You are to maintain records and produce measures of eventones to reflect the July events of the company The June 30 bones He Makes Inventory, 125.000 Inventory 18 305 ($2.060 atdod males and 55 425 of convenion Fished Goods Inventory $170 000 S 30 Cont of Goods Soit 30 Factory Payrol Payable S Overhead 50 1. Prepare jumat eres to reced the folowing any actors and events Please in the blanks with connect account Purchased raw materials for $145,000 cash b Uhed aw maderas as folows deeds, $72,040, and indeed mate$13,000 Debil Credit Credit Debi Cred Recorded factory wagen payable costs as folows direct labor, $200,750 and drect labor $2,000 Deb Credit Debit Cred d incuned other actual factory overhead costs of $63,875 pad o cash Cred Appled factory overted production at 50% of direct labor costs Debit Credit Started wed Units Beginning WP inventory Units transferred out Ending WIP inventory Beginning WIP Inventory Direct materials Percent complete Conversion-Percent complete 8000 h 17,000 14000 11.000 100% 10%