Account Titles given in the problem:

Materials Inventory

Accounts payable

Manufacturing overhead

Wages payable

Work in process inventory

Accounts Receivable

Accumulated depreciation - factory

Sales

Finished Goods Sold Inventory

Cost of Goods Sold

Property taxes payable

E3-5A. Flow of Product Costs through Accounts Assuming a routine manufacturing activity, present jour- nal entries (account titles only) for each of the following transactions: a. Purchased material on account. b. Recorded wages payable earned but not paid. c. Requisitioned both direct material and indirect material. d. Assigned direct and indirect labor costs. e. Recorded factory depreciation and accrued factory property tax f. Applied manufacturing overhead to production g. Completed work on products. h. Sold finished goods on account