Simkins company financial records Raw materials purchased Raw materials used Salaries and wages Direct labor Indirect labor Sales salaries $40,000 Factory utility cost incurred $35,000 Depreciate factory equipment Advertising cost incurred $60,000 Manufacturing OH applied at $30,000 Cost of goods Manufactured $25,000 Cost of Goods Sold $15,000 $50,000 $80,000 150% of Direct labor cost $180,000 $150,000 a) Prepare all necessary journal entries