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Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs based on machine-hours. At the beginning of the year, the company used a cost formula to estimate $4,230,000 in manufacturing overhead cost at an activity level of 564,000 machine-hours. The company spent the month of January working on a large order for 12,400 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: a. Raw materials purchased on account, $313,000 b. Raw materials used in production, $266.000 (80\% direct materials and 20% indirect materials). c. Labor cost accrued in the factory, $168,000 (one-third direct labor and two-thirds indirect labor) d. Depreciation recorded on factory equipment, $62,200 e. Other manufacturing overhead costs incurred on account, $84,500 f Manufacturing overhead cost was applied to production on the basis of 40,650 machine-hours actually worked 9. The completed job for 12,400 custom-made machined parts was moved into the finished goods warehouse on January 31 to awart. delivery to the customer. (in computing the doliar amount for this entry, remember the cost of a completed job consists of direct materials, direct labor, and applied overhead) Required: 1. Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. 2 Prepare T-accounts for Manufacturing Ovethead and Work in Process. Post the relevant items from your journal entries to these T. accounts 3. Prepare a joumal entry for item (g) above

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