The Contreras Corporation uses a job-order costing system. The following activities took place during the month of May: a. Raw materials purchased $40,000 b. Raw materials (all direct) used in production c. Salaries and wages costs: Direct labor cost Indirect labor cost Sales salaries d. Factory utility costs e. Depreciation on factory equipment f. Advertising expense g. Manufacturing overhead is applied at the predetermined rate of 150% of direct lab or cost. h. Cost of Goods Manufactured for the month $180,000 i. Cost of Goods Sold for the month $150,000 Required: Prepare journal entries to record the information given above