The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2019: Beginning Ending Inventories: Raw materials Work in process Finished goods Total $17.000 9,000 11,000 $37,000 $19,000 14,000 8,000 $41,000 1. In addition, the following transactions occurred in 2019: Raw materials purchased on account, $75,000. 2. Incurred factory labor, $80,000, all is direct labor. (Credit Factory Wages Payable) Incurred the following overhead costs during the year: Utilities $6,800, Depreciation on manufacturing machinery $8,000, Manufacturing machinery repairs $9,200, Factory insurance $9,000 (Credit Accounts Payable and Accumulated Depreciation). Assigned $80,000 of factory labor to jobs. 5. Applied $36,000 of overhead to jobs. 3. 4. Journalize the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 5