The following manufacturing costs were incurred: Materials purchased on account were $256,400, and wages...

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Accounting

The following manufacturing costs were incurred:
Materials purchased on account were $256,400, and wages for factory workers w $111,400.
Materials requisitioned and factory labour used by each job were as follows:
Manufacturing overhead costs incurred on account were $69,600.
Depreciation on machinery and equipment was $16,960.
The manufacturing overhead rate is 75% of the direct labour cost.Prepare entries for manufacturing costs and assigning costs to production. (List all debit entries before credit entries. Credit account titles
are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Accounts Payable
(To record purchases of raw materials on account)
Payroll Liabilities
(To record factory labour costs)
Accounts Payable
Accumulated Depreciation-Machinery and Equipment
(To assign raw materials to production)
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