Required: Prepare journal entries for the following transactions of Buttross Manufacturing, Inc. Do not put any explanation below your entries, since the explanation is already typed above the entries.

a.Purchased 200,000 pounds of raw material on account. The cost was $5.00 per pound.

b.Issued 120,000 pounds of materials to production of which 10,000 pounds were used as indirect materials. Do one journal entry, which may have multiple debits and/or credits. Note that $600,000 (120,000 X $5) is the total materials issued to production

c. Incurred direct labor costs of $200,000, indirect labor costs of $60,000, and office salaries of 25,000. Do one journal entry, which may have multiple debits and/or credits. You only need one payable account

d.Recorded depreciation on factory equipment for the month, $65,000.

e. Recorded depreciation on office equipment for the month, $26,000.

f. Completed two jobs: one costing $6,500 and another costing $80,000 during the month and transferred them out of the factory. Do one debit and one credit for both jobs combined.

g. Shipped the $80,000 job to the customer during the month. The job was invoiced at 40% above cost. The company keeps perpetual inventory records. [$80,000 cost x 1.40 = $112,000 sales price]