uestion 2 ot yet nswered A Sanad Company had the following account balances as of August 1, 2021: Raw Material (direct and indirect) Inventory $30,300 Marked out of .00 Work in Process Inventory 15,000 Finished Goods Inventory 25,000 Flag question During August, the company incurred the following factory costs: 1. Purchased $194,000 of raw material on account. 2. Issued $190,000 of raw material to production, of which $134,000 was for direct materials. 3. Accrued $98,000 in factory payroll costs: $65,000 was for direct labor and the rest was for supervisors' salaries. 4. Accrued $8,000 of utility costs; of this amount, $2,000 was fixed. 5. Accrued $6,000 of property taxes on the factory. 6. Recorded the expiration of $3,600 of prepaid insurance on factory equipment 7. Recorded $53,000 of straight-line depreciation on factory equipment. 8. Applied actual overhead to Work in Process Inventory, 9. Transferred goods costing $330,000 to Finished Goods Inventory 10. Recorded total sales of $750,000; of these, $550,000 were on account. 11. Recorded cost of goods sold of $330,000. 12. Recorded selling and administrative costs of $350,000 (credit "Various accounts) Required: 4