MetaTB Problem Qu$.3-213($Algo$)$ The Simkins Corporation uses a$...$

The Simkins Corporation uses a job$-$order costing system. The following activities took place during the month of May:

a$.$ Raw materials purchased $ $50,000$

b$.$ Raw materials $($all direct$)$ used in production $ $45,000$

c$.$ Salaries and wages costs:

Direct labor cost $ $80,000$

Indirect labor cost $ $40,000$

Sales salaries $ $35,000$

d$.$ Factory utility costs $ $25,000$

e$.$ Depreciation on factory equipment $ $60,000$

f$.$ Advertising expense $ $90,000$

g$.$ Manufacturing overhead is applied at the predetermined rate of $150\%$ of direct labor cost.

h$.$ Cost of Goods Manufactured for the month $ $380,000$

i$.$ Cost of Goods Sold for the month $ $350,000$

Required:

Prepare journal entries to record the information given above.

Note: If no entry is required for a transaction$/$event$,$ select $"$No