Mertz Company employs a job cost system. As of January 1, 2019,its records showed the following inventory balances:

Materials	$31,500
Work in process	56,500
Finished goods (30,000 units @ $3)	90,000

The work in process inventory consisted of two jobs:

	Direct	Direct	Manufacturing
Job No.	Materials	Labor	Overhead	Total
378	$7,000	$12,000	$ 6,000	$25,000
379	9,000	15,000	7,500	31,500
	$16,000	$27,000	$13,500	$56,500

Summarized below are the production and sales data for the companyfor 2019:

1.      Materials purchased $95,000
2.      Materials requisitioned: directmaterials for Job No. 378, $16,000; for Job No. 379, $32,000; andJob No. 380, $36,000; supplies (indirect materials) requisitioned,$4,500.
3.      Factory payroll distributed:direct labor to Job No. 378, $30,000; to Job No. 379, $45,000; andto Job No.380, $60,000; indirect labor, $15,000
4.      Manufacturing overhead is assignedto work in process at $0.50 per dollar of direct labor (the samerate as in 2018)

5.      Job Nos. 378 and 379 werecompleted
6.      Factory indirect costs (other thanindirect labor and indirect materials); depreciation, $7,000; heat,light, and power, $3,000; and miscellaneous, $5,000.
7.      Sales for the year amounted to$320,000; cost of goods sold, $197,000.

Required:

Use T-accounts to illustrate the journal entries for the abovesummarized transactions.