Reddington Computers uses a job-order costing system. The following transactions occurred during May. While interning at Reddington Computers, Dembe was asked to prepare journal entries, in good form, for the following transactions: 1. Raw materials purchased on account, $225,000. 2. Raw materials used in production, $200,000 ( $180,000 direct materials and $20,000 indirect materials). 3. Direct labor cost of $75,000 and indirect labor cost of $15,000. 4. Depreciation and other manufacturing overhead costs accrued during May, $100,000. 5. The company applies manufacturing overhead cost to production using a predetermined rate of $32 per direct labor hour. A total of 4,800 direct labor hours were used in May. 6. Jobs costing $500,000 according to their job cost sheets were completed during May and transferred to Finished Goods. 7. Jobs that had cost $400,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 130% of manufacturing cost. Required (you may use scratch paper for calculation, however, J/Es must be written in the space below): a. [8 points] Prepare journal entries to record the transactions: 2,3,5,7 b. [2 points] Determine the amount of overapplied MOH or underapplied MOH. c. [2 points] Prepare the journal entry to eliminate any overapplied MOH or underapplied MOH, using the direct write-off method