The following manufacturing costs were incurred:

Materials purchased on account were $$256,400,$ and wages for factory workers w $$111,400.$

Materials requisitioned and factory labour used by each job were as follows:

Manufacturing overhead costs incurred on account were $$69,600.$

Depreciation on machinery and equipment was $$16,960.$

The manufacturing overhead rate is $75\%$ of the direct labour cost.Prepare entries for manufacturing costs and assigning costs to production. $($List all debit entries before credit entries. Credit account titles

are automatically indented when the amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit

Accounts Payable

$($To record purchases of raw materials on account$)$

Payroll Liabilities

$($To record factory labour costs$)$

Accounts Payable

Accumulated Depreciation$-$Machinery and Equipment

$($To assign raw materials to production$)$