General information: Before starting the project, read through the instructions so you have an idea of what you're doing. For the most part, you will do the steps in order or concurrently. You may assign different steps to individual group members, but make sure everyone is aware of what's happening. Each group will pick one "job" to produce. Use the information given for that job. When preparing/posting journal entries (JE), use the transaction number given (ie. #1) rather than a date. Al the accounts ou'll needare isted inthe General Ledger. Show calculations for the hi-lighted items in the spaces provided on these instruction pages Job information Direct Direct Material Material Direct Labor Unit Units equired 420 Hours per employee Job # 101 Fire Truck 102 Rescue Plane 103 Ambulance 104 |Police Helicopter Product Customer 6 175 Mt. Pleasant Fire Dept 475 8 230n Coast Guard 450 520 5 $ 12 200 260 CM Hospital MI State Police 1. Prepare journal entries for the following transactions: Purchase of raw materials on account (#1)-$15,000 wages payable (#2) (ignore taxes) (Use the followingamountsforyourJob#) . . #101: $15,800 a. b, #102: $20,200 #103: $17,800 #104:$22,600 c, d. Overhead costs (one entry-#3): . a. b. c. Utilities (to be paid next month)- $2,000 Repairs (to be paid next month)- $3,500 Depreciation-$6,000 Prepare Materials Requisition Slip for the required units for your job and give to Inventory Cle (Mrs. DeWitt). 2