D C D E Question 3 (5 Marks) Alexa Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $26,000 $ 47,000 $133.000 The company applies overhead to jobs usina a pre-determined overhead rate based on machine hours. At the beginning of the year, the company estimated that it would work 31,000 machine hours and incur $248,000 in manufacturing overhead cost. The following transactions were recorded for the year. a. Raw materials purchased: $411,000 b. Raw materials requisitioned for use in production: $409,000 ($388,000 direct and $21,000 indirect) c. The following employee costs were incurred: Direct labour er Page 01 02 03 E $145.000 04 05 06 07 08 09 + CI DI pllowing transactions were recorded for the year. 1. Raw materials purchased: $411,000 ). Raw materials requisitioned for use in production: $409,000 ($388,000 direct and $21.000 indirect) 1. The following employee costs were incurred: Direct labour: $145,000 Indirect labour: $61.000 Administrative salaries: $190,000 d. Selling costs: $148,000 e. Factory utility costs: $12,000 Required: Prepare the appropriate journal entry for each of the items above (a through e). You can assume that all transactions with employees, customers, and suppliers were conducted in cash