When should a project utilize the "project network" tool? For projects considered "trivial." For short duration projects. When a responsibility matrix is appropriate. When planning, scheduling. and controt are important. Need help? Review these concept resources. E1 Read About the Concept Rate your contidence 10 submit your answer: On December 31, 2021, after dosing, the ledgers of the Vilas-LaMesa Oompany contained these accounts and balances: During January, 2022, these transactions were completed: 1. Purchase on account: Materials A, 10,000 units @ \$5.20; Materials B, 12,000 units @ $3.75; indirect materials, $17,520. 2. Payroll totaling $110,000 was paid. Of the total payroll, $20,000 was for marketing and administrative salaries. Payroll deductions consisted of $15,500 for employees' income tax and 6.5% for FICA tax. 3. Pagroll to be didributed as lollans: 106 101, 5,000 -irect iler hours (it \$4.00; job 102,8,000 direct laber hoars e 55.00; job 103, 6000 dired labor hours fo \$3.00; indirect labor, 512,000 ; marketing and administrative salaries, $20,000. Employers payrez tares are fNCA. 6. 5\%, state unemployment, 2.7N, federal unemployment, 0.7th. 4. Materlals were essued on a first in first out (FFIFO) buris ars follow: Materials A 10,000 units (charged to 3ob 101); Materlals at, 12,000 units (charged to Job 102 ); Materials A,1,000 inits, and Ititerots t, 2,500 units (charged to Job 1ci), (Note: Transactocs are to te tuetr in consecutive order.) Indired noterials ancunting to 57,5700 mes trsued. 5. Factory overtiend was applied to lobs, 101, 102, sed 103 buned in me fer rote of \$2,00 ter drect labor hour. 6. Yoen 101 and 102 aee complsted and sold on acciort for 5120 come and $135,000, respedively. 7. Ater dlowing s 5% cant divebuet, a net ancout of ser? 000mm collected on ascount recolvable. Depreciation on moctarery was 12,000 . of goods sila neroumt. Required: 1. Trial balances of the general ledger and of the factory ledger as of January 1, 2022. 2. General ledger and factory ledger accounts opened and balances recorded from the January 1 trial balances. 3. Journal entries to record the January transactions. 4. The posting of January transactions to the general ledger, factory ledger, and subsidiary ledgers for materials, work in process, finished goods and factory overhead incurred. 5. Trial balances of the general ledger and the factory ledger as of January 31, 198, reconciliation control accounts with subsidiary ledgers. 6. A statement of cost of goods sold for January