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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:

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 a journal entry:
Raw materials were purchased on account, $385,000.

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