Entry 1: Raw materials purchased, $145,000.

Entry 2: Raw materials requisitioned for use in production (all direct materials), $141,000. Entry 3: Utility bills incurred in the factory, $24,000. 4:Costs for salaries and wages were incurred as direct labor $223,000, Indirect labor $61,700 and selling and administrative salaries $143,000. 5:Maintenance costs incurred in the factory, $17,000. 6: Advertising costs incurred, $128,000.

7: Depreciation recorded for the year, $43,000 (70% relates to factory assets, and the remainder relates to selling and administrative assets).

8:Rental cost incurred on buildings, $85,000 (80% of the space is occupied by the factory, and 20% is occupied by sales and administration). 9:Miscellaneous selling and administrative costs incurred, $11,000. 10: Record the Manufacturing overhead cost applied to jobs. 11: Cost of goods manufactured for the year, $555,000. 12: Sales for the year (all on account) totaled $1,100,000. 13: Record the goods cost $530,000 according to their job cost sheets.

Problem 2-25B Journal Entries; T-Accounts; Financial Statements [LO2-1, LO2-2, LO2-3, LO2-4, LO2-5, LO2-6, LO2-7] Mariya Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of direct materials used in production. Its predetermined overhead rate was based on a cost formula that estimated $221,200 of manufacturing overhead for an estimated allocation base of $158,000 direct material dollars. The following transactions took place during the year (all purchases and services were acquired on account): a. Raw materials purchased, $145,000. b. Raw materials requisitioned for use in production (all direct materials), $141,000. c. Utility bills incurred in the factory, $24,000. d. Costs for salaries and wages were incurred as follows: Direct labor Indirect labor Selling and administrative salaries $223,000 $ 61,700 $ 143,000 e. Maintenance costs incurred in the factory, $17,000. f. Advertising costs incurred, $128,000. g. Depreciation recorded for the year, $43,000 (70% relates to factory assets, and the remainder relates to selling and administrative assets). h. Rental cost incurred on buildings, $85,000 (80% of the space is occupied by the factory, and 20% is ales and administration). i. Miscellaneous selling and administrative costs incurred, $11,000. j. Manufacturing overhead cost was applied to jobs, $?. k. Cost of goods manufactured for the year, $555,000. 1. Sales for the year (all on account) totaled $1,100,000. These goods cost $530,000 according to their job cost sheets. The balances in the inventory accounts at the beginning of the year were as follows: The balances in the inventory accounts at the beginning of the year were as follows: Raw materials Work in process Finished Goods $ 23,000 $ 24,000 $ 34,000 Required: 1. Prepare journal entries to record the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet