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Five material requisitions (MR) forms were received by the materials storeroom of the Penny Worth, Inc during the first week of September. MR101 was for $270 of direct materials for job number 1501. MR102 was for $560 of direct materials for job number 1502. MR103 was for $90 of indirect materials issued to the factory floor. MR 104 was for $420 of direct materials issued to job number 1501. MR 105 was for $520 of direct materials issued to job number 1503. Prepare summary journal entries to record the issuance of these materials. (Hint: There should be a separate journal entry for direct and indirect materials.) (Credit account titles are automatically indented when the amount is entered. Do not indent monually) Account Titles and Explanation Debit Credit (To record direct materials issued) (To record indirect materials issued) Covington, Inc. had the following labor time tickets for the month of February: Pay Rate Hours Worked Ticket # Job # Employee # 011 $10 119 201 2101 2102 008 16 86 201 2103 011 13 35 201 2104 008 16 58 202 2105 008 14 75 203 Calculate the amount of direct labor cost assigned to each job. Direct labor assigned Job No. 201 $ $ Job No. 202 $ Job No. 203 $ Account Titles and Explanation Debit Credit e Textbook and Media