Question: Problem 2 (10) Prepare journal entries for the following: a) Requisitioned into production $50,000 direct material & $5,000 indirect material. b) Recorded $60,000 direct labor

Problem 2 (10) Prepare journal entries for the following: a) Requisitioned into production $50,000 direct material & $5,000 indirect material. b) Recorded $60,000 direct labor &13,000 indirect labor on account. c) Recorded $10,000 for factory electricity on account d) Applied OH at 50% of DL$. Show computation. e) Closed over/under applied OH to COGS. Show computations,

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