U Question 22 18 pts Fort Corporation had the following transactions during its first month of operations 1. Purchased raw materials were purchased on account. $85.000 2. Raw Materials of $30,000 were used in production. An analysis of the materials requisition slips indicated that $6,000 was classified as indirect materials. 3. Factory labor costs used in production were $100,000. Time tickets indicated that $84,000 was direct labor and $16,000 was indirect labor. 4. Overhead costs incurred on account were $112.000. 5. Manufacturing overhead was applied at the rate of 150% of direct labor cost. 6. Goods costing $119,000 were completed and transferred out of production. 7. Finished goods costing $100,000 to manufacture were sold on account for $130,000. 8. Eliminated the balance in the Manufacturing Overhead account. REQUIRED: Prepare all required journal entries for each number 1 a B. Eliminated the balance in the Manufacturing Overhead account REQUIRED: Prepare all required journal entries for each number 1-8. Use the following accounts: Raw Materials Factory Labor Manufacturing overhead Work in Process Finished Goods Cost of Goods Sold Sales Accounts Receivable Accounts Payable