5-23 Journal entries and source documents Matchuru Ltd produces components for the small-engine market. The following data reect activity for the year 2014: Costs incurred: Purchases of direct materials (net) on credit $124,000 Direct manufacturing labour cost 60,000 Indirect labour 54,500 Depreciation, factory equipment 30,000 Depreciation, office equipment 7,000 Maintenance labour, factory equipment 20,000 Miscellaneous factory overhead 9,500 Rent, factory building 70,000 Advertising expense 90,000 Sales commissions 30,000 1 January 2014 31 December 2014 Direct materials $9,000 $11,000 Work in process 6,000 21,000 Finished goods 69,000 24,000 Matchum Ltd uses a normal cost system and allocates overhead to work in process at a rate of $3.50 per direct manufacturing labour dollar. Indirect materials are insignificant so there is no inventory account for indirect materials. Required Prepare journal entries to record the transactions for 2014, including an entry to close out over or underallocated overhead to Cost of goods sold. For each journal entry, indicate the source document that would be used to authorize each entry