Problems Selected information from Skybox Studios shows the following: Raw materials purchased Direct materials Direct labor Factory depreciation Total manufacturing overhead incurred Machine hours per month $ 5,000 $ 1,500 $11,000 $ 2,000 $15,000 Unit cost for material Unit cost of conversion Number units transferred 28,000 $ 2 $ 8 15,000 1. Prepare journal entries to record the following: a. Raw material purchased b. Direct labor incurred C. Depreciation expense (hint: this is part of manufacturing overhead) d. Raw materials used e. Overhead applied on the basis of $0.50 per machine hour f. The transfer from department 1 to department 2