Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job 157 and Job K 52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,064; on December 8 for $1,068; and on December 14 for $3,447, In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52. Six time tickets were turned in for these two projects for a total a mount of 18 hours of work All the workers were paid $17 per hour. The time tickets were dated December 3 , December 9 , and December 15 . On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,110 hours, and the anticipated overhead costs are $844,000 for the year. The machines were used by workers on projects K 52 and J57 on December 3,9 . and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15 , producing 200 sprinkler heads for J57 and 100 sprinker heads for K52. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $52,700. DeC. 2 Issued $40,000 of direct materials from the company's irventory to jobs other than K 52 and J57 and $3,000 of indirect materials. Dec. 12 PaidWaterways' factory salaries and wages for $64,900. Dec. 13 Paid the factory's water bill of $9,000. Dec. 18 Transferred $49,900 of costs from other completed jobs to finished goods. Dec-21 Paid the factory's electric bill of $12,100 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $12,200, prepaid insurance of $8,700, and accumulated depreciation of $16,200. Date Account Titles and Explanation Debit Credit 12/1 RawMaterials Inmertory Accounts Pyable 12/2 Workin Process inventory Raw Materials inventory (To assign materials to jobs 3578 \& K52) 12/2 Workin Process Inventory Marufacturing Overhead RewMaterialsifiventory (To assign materials to jobs and overhead) Workin Process inventory FactoryLabor (To assign labor to jobs J57 \& K52) Workin Process inventory Manufacturing Overhead (To assign overhead to jobs 357 \& K52) Warkin Process inwentory Raw Materilas inventory 1219 Workin Process inwentory Factorylabor (To assign labor to Jobs 1578 \& K52) Warkin Process inventory Maruficturing Overtesd 12/12 Factory Labor Cash 12/13 Manufacturing Overhead Cash: 12/14 Workin Process inventory RawMaterials inventory 12/15 Work in Process inventory Factory Labor (To assign labor to jobs 157 \& K52) Work in Process Inventory Manufacturing Overhead (To assign overhead to jobs 1578K52 ) 12/15 Finished Goods Ifventory Work in Process Inventory (To record completion of jobs 1578 \&.K52) 12/18 Finished Goods inventory Wark in Process Inventory 12/21 Marsfacturing Overhead Cosh \begin{tabular}{|l|l|} \hline 12/32 Manufacturing Overhead \\ \hline Property Tax Payable: \\ \hline \end{tabular} 12/14v Work in Process inventory Raw Materials Inventory Work in Processilmentory Factory Labor (To assign labor to jobs 157 \& K52) Work in Process Inventory Manufacturing Overhead (To assign overhead to jobs J57 \& K52) 12/15v Finished Goods Inventory Work in Process imventory (To record completion of jobs 357 \& K52) Finished Goods Inventory Work in Process Inventory Manufacturing Overhead Cosh Prepaid insurance Accumulated Depreciation-Equipment