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Acct 222 Problem 3. E3-41B Record journal entries (5 points) The following transactions were incurred by Gregor Fabricators during January, Requirements Extra Credit (Ch1-8. 35 points) Spring, 2019 the first month of its fiscal year 1. Record the proper journal entry for each transaction. a. $205,000 of materials was purchased on account b. S170,000 of materials was used in production; of this amount, $152,000 was used on specific jobs. Manufacturing labor and salaries for the month totaled $255,000.$215,000 of the total manufacturing labor and salaries was traced to specific jobs, and the remainder was indirect labor used in the factory The company recorded $25,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $12,000 which will be paid at a later date. $79,000 of manufacturing overhead was allocated to specific jobs. The company received a bill for CAD design services for $1,000. c. d. e. f. 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much? Acct 222 Problem 3. E3-41B Record journal entries (5 points) The following transactions were incurred by Gregor Fabricators during January, Requirements Extra Credit (Ch1-8. 35 points) Spring, 2019 the first month of its fiscal year 1. Record the proper journal entry for each transaction. a. $205,000 of materials was purchased on account b. S170,000 of materials was used in production; of this amount, $152,000 was used on specific jobs. Manufacturing labor and salaries for the month totaled $255,000.$215,000 of the total manufacturing labor and salaries was traced to specific jobs, and the remainder was indirect labor used in the factory The company recorded $25,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $12,000 which will be paid at a later date. $79,000 of manufacturing overhead was allocated to specific jobs. The company received a bill for CAD design services for $1,000. c. d. e. f. 2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much