(9 points) Using the model presented in class, place the following items in order based on the sequence they should occur in order to get the highest level of performance. Number them from 1 to 7. (20 points) Prepare the necessary journal entries for the Goodman Company for the month of January in order from 1 10 9. Goodman uses our Standard Manufacturing Journal Entry System, and the raw materials beginning inventory on January 1 was zero. a. Raw materials purchases on account for January were $23,000. b. Direct materials of $16,000 and Indirect materials of $5,000 were requisitioned for production. c. Factory payroll for the month was $78,000. The following rates applied: federal income tax withholding 12%; Provincial income tax withholding 7%; CPP 6%; pension plan 2%; Employment Insurance 6.2%. d. Goodman's payroll tax burden and fringe benefits rates are: vacation pay ( 2 weeks when 50 weeks are worked); health insurance 3%; CPP 6%; and clean air surcharge 3%. e. Direct labor costs were $61,000. Indirect labor costs were $17,000. f. Actual overhead costs paid on account were $15,000, and depreciation on factory equipment totaled $37,000. g. Overhead was applied at a rate of 150 percent of direct labor cost. h. All products were completed and transferred to finished goods on January 31 . The balance in WIP on January 1 was $12,000. The products in Finished Goods were sold