Remaining Time: 55 minutes, 39 seconds. A Question Completion Status: 1 2 4 5 6 7 8 9 10 11 12 13 Moving to another question will save this response. Question 4 The following transactions pertains to Bahrain Company for 2021: a) Materials purchased on account, $62,500. b) Materials used in production as follows: direct materials, $33,600; indirect materials, $5,400. c) Manufacturing labor incurred $35,000. (90% for direct labor and 10% for indirect labor.) d) Other various manufacturing overhead costs incurred during the year is $18,900. e) Manufacturing overhead is allocated at a budgeted overhead rate 120% of direct labor cost. f) the actual manufacturing overhead cost incurred at the end of the year was $27,800. The company decided t overhead using ending unadjusted balances of WIP, F.G and COGS before proration method Ending unadjusted balances before proration were as follows: Work-in-Process (WIP) Finished Goods (FG) Cost of Goods Sold (GOGS) $40,000 80,000 680,000 !!! 111 Required: Prepare the necessary journal entries to record the above transactions from a to f Answer: Account title For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). DR CR BIU P Paragraph Arial 10pt A 7