Problem 2 system and keeps perpetual inventory atson Manufacturing Company employs a job order cost accounting system "ecords. The following transactions occurred in the first month of operamos 1. Direct materials requisitioned during the month: Job 101 $20,000 Job 102 16,000 Job 103 24.000 $60.000 2. Direct labor incurred and charged to jobs during the month was Job 101 $32,000 Job 102 28,000 Job 103 20.000 $80.000 aracturing overhead was applied to jobs worked on using a predetermined overhead rate based on direct labor costs. 4. Actual manufacturing overhead costs incurred during the month were factory depreciation $20,0008 expenses incurred on account, $46,000. 5. Jobs 101 and 102 were completed during the month. Instructions (a) (15 points) Prepare journal entries to record the above transactions. Ouestion continues on next page General Journal Debit Credit Entry # Account Title