Prepare Journal Entries for

1. Raw materials were purchased on account: $236000

2. Raw materials were requisitioned for use in production: $208,000 (85% direct and 15% indirect)

3. Record the costs that were incurred for employee services.

4. Heat, power, and water costs were incurred in the factory: $50,100.

5. Prepaid insurance expired during the year: $19,000 (80% relates to factory operations, and 20% relates to selling and administrative activities).

6. Advertising costs were incurred, $59,000.

7. Depreciation was recorded for the year: $70,800 (75% relates to factory operations, and 25% relates to selling and administrative activities).

8. Manufacturing overhead cost was applied to production. The company recorded 43,600 machine-hours for the year.

9. Goods that cost $539,200 to manufacture according to their job cost sheets were transferred to the finished goods warehouse.

10. Sales for the year totalled $783,700 and were all on account.

11. The total cost to manufacture these goods according to their job cost sheets was $530,600.

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 25000 $13,600 $31800 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 37,800 machine-hours and incur $166,320 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $236,000. b. Raw materials were requisitioned for use in production: $208,000 (85% direct and 15% indirect). C. The following costs were incurred for employee services: $174,400 $ 30,600 Direct labour Indirect labour Sales commissions Administrative salaries $ 41,400 $ 87,200 d. Heat, power, and water costs were incurred in the factory: $50,100, e. Prepaid insurance expired during the year: $19,000 (80% relates to factory operations, and 20% relates to selling and administrative activities). f. Advertising costs were incurred, $59,000. g. Depreciation was recorded for the year: $70,800 (75% relates to factory operations, and 25% relates to selling and administrative activities) h. Manufacturing overhead cost was applied to production. The company recorded 43,600 machine-hours for the year. i. Goods that cost $539,200 to manufacture according to their job cost sheets were transferred to the finished goods warehouse. J. Sales for the year totalled $783.700 and were all on account. The total cost to manufacture these goods according to their job cost sheets was $530,600