The Food Corporation is a manufacturing firm that uses job-order costing. The Company's beginning inventory balances were as follows at the beginning of the year: Raw Materials $ 34,000 Work in Process $ 47,000 The company applies overhead to jobs using an applied overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 38,000 machine-hours and incur $209,000 in manufacturing overhead cost. Record the following transactions in journal entry form. The following employee costs were incurred: direct labor, $295,000; indirect labor, $42,000; and sales salaries, $89,000