Using the information from the previous question, record the following journal entries for Camino Tractors Co.: 1. Raw materials purchased on account. 2. Direct materials used in March production. 3. Direct labor used in March production. 4. Overhead applied to March production. 5. Indirect materials used in March production. 6. Indirect labor used in March production. 7. Factory rent. 8. Factory utilities. 9. Factory equipment depreciation .0. Transfer of goods manufactured during March from WIP to finished goods. 1. Sale of Job 200-006. 2. Cost of goods sold for Job 200-006 3. Over/under applied overhead. Use the space below to type you journal entries. You may copy and paste the journal entry template below into the space provided for each question or you may create your own journal entry. Account Title Debit Credit The following is production information for Camino Tractors Co. February 28 inventory of raw materials is $86,000. Raw materials purchases in March are $510,000 Factory payroll cost in March is $388,000 Overhead costs incurred in March are: o Indirect materials, $54,000 o Indirect labor, $27,000 o Factory rent, $38,000 Factory utilities, $24,000 o Factory equipment depreciation, $59,000 The predetermined overhead rate is 45% of direct labor cost. Job 200-006 is sold for $685,000 cash in March Below is a schedule of costs for the three jobs worked on in March. Job 202-002 was started in March. Job 200-006 Job 201-005 Job 202-002 Totals Balances on February 28: Direct materials $29,000 $35,000 $ 64,00 Direct labor 22,000 14,000 36,00 Applied 9,900 6,300 16,20 overhead Balances on Job 200-006 Job 201-005 Job 202-002 Totals February 28: Direct materials $29,000 $35,000 Direct labor 22,000 14,000 Applied 9,900 6,300 overhead Costs during March: Direct materials 134,000 210,000 $120,000 464000 Direct labor 105,000 155,000 101,000 361000 Applied 47250 69750 45450 162450 overhead Subtotals for 286250 434750 266450 987450 March Totals (February 296150 441050 and March) Status on March Finished and sold Finished but unsold 31 266450 Unfinished 1003650 $ 64,00 36,00 16,20