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Flounder makes and salls milkshakes in individual$-$sized serving containers. Its most popular flavors are strawberry, caramel, chocolate, and vanilla. Dus to its automated processes, it uses machine hours as its cost driver, and the company determines a budgeted MOH rate at the beginning of the year. This year's rate is estimated at $\backslash$$$1\mathrm{.}25/$machine hour. The following events occurred this yoar $($amounts are in thousands$).$

$1.$ Purchased milk, sugar, flavorings, and other ingredients $(\backslash$$$426$ direct$/\backslash$$$36$ indirect$)\backslash (\backslash$$ $462\backslash )$

$2.$ Transferred direct materials into production $516$

$3.$ Incurred direct labor coat for factory workars $381$

$4.$ Transferred indirect materials into production $48$

$5.$ Incurred salary far factory supervisors $141$

$6.$ Racaivad utility bill for factory $24$

$7.$ Incurred labor cost for maintenance employees in factory $61$

$8.$ Applied MOH based on $264,000$ actual machine hours used $?$

$9.$ Recorded cost of goods complated $1,376$

$10.$ Racognized revanue for millshaloss sold on account $2,638$

$11.$ Recognized Coat of Goods Sold associated with units sold $1,551$

The following balances existed in these accounts at the beginning of the year.

RM Inventory $\backslash$$$312(\backslash$$$236$ direct materials, $\backslash$$$76$ indirect materials$)$

WIP Imventory $406$

FG Inventory $256$

$($a$)$

Your answer is correct.

Does Flounder utilize an actual costing system or a normal coating system?

The company uses a costing system.

eTextbook and Medla

$($b$)$

Your answer is correct.

Record the journal entries to account for the production$-$related events described above. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Enter amounts in thousands.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$ Raw Matarlals Imventory

Accounta Payable

$2.$

Your answer is correct.

Record the journal entries to account for the production$-$related events described above $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Enter amounts in thousands.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$ Raw Matar Ials Inveritary

Accounta Payable

$462$

$2.$ Wis Inventery $516$

Raw Matarlala Imventary

$3.$ Wip Inventary

Salarles and Weaces Payable

$4.$

MOH Comtrol

Raw Matarlala Imventary

$5.$

MOH Control

Salarles and Wages Payable

$6.$

Utilitiva Perably

$7.$

$8.$

$9.$

$10.$

$11.$

eTextbook and Medla

$($c$)$

Post your journal entries to all inventory and Cost of Goods Sold accounts, and then calculate ending balances for each. $($Enter amounts in thousands. Past entries in the order of journal entries presented in the previous part.$)$