Tough Hardware purchases raw materials and processes those purchases through a receiving/inspection process prior to stocking for production Tough places 3 purchase orders for materials for production and receives the goods that day. The first PO is for 2,500 1/2" x 96 milling blanks $2.75 each. The second Po is for 4,000 pieces of 48" x 96" x 1" sheet steel at $15,95 each. The third Po is for five 5-gallon drums of miling lubrication oil at $475.00 per barrel. The receiving/rspection process is completed and the goods are transferred from Receiving Inventory to Raw Materials. The Receiving/Inspection Department assigns manufacturing overhead of $55.00 per purchase order as well as $2.75 per piece on metal goods and $35.00 per container on fluids. Al labor is allocated through overhead. Prepare the journal entries to do the following: a. Purchase and receive these items to Receiving Inventory on account. . Assign overhead to the metal goods. Assign overhead to the fluid goods o R. P H K B. IN M M C. Assign overhead to the fluid goods. d. Transfer all goods to Raw Materials Inventory op // R FG// K N M alt Ctrl HP Laptop