The following is a list of manufacturing costs incurred by Newby Products Co. during July:
Direct materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21,000
Indirect materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Direct labor employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Indirect labor employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Rent expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,000
Utilities expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200
Insurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500
Depreciation expense (machinery and equipment) . . . . . . . . . . . . . . 1,500
Prepare the journal entries to record the preceding information and to transfer Factory Overhead to Work in Process.