Question: Need help with accounting question. Please show your work to help me understand. Thank you. 1. Drect materials purchases totaled $583 ooo. 2. $132,000 of

Need help with accounting question. Please show your work to help me understand. Thank you. Need help with accounting question. Please show your work to help me

1. Drect materials purchases totaled $583 ooo. 2. $132,000 of indirect materials were used in production. Dlagby uses a separate Supplies Inventory account for indirect materials. 3. $569,000 of direct materials were used in production. 4. The direct labor payroll was $791,000 (credit Wages Payable). 5. Other mansfacturing overthead costs incurred during the year totaled $6g0,000. 6. Bagby applies overhead based on a predetermined overised rate of $21 per machine hour. The company used 51,000 machine hours daring the year. 7. During the year, laghy transferred goods costing $2,410,000 into the Finished Goods Imventory wecuent. 8. Bagly sold products with a masufacturing cost of $2,398,000 to castomers daring the year. Bequaired a. Prepare journal entries to record these events. from part (a) in the T-Accoants and calculate ending acceunt balances. Assume the followite besinning account balances: c. Was overthead ander- or crerapolied for the yvar? By how mach

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