The Following Information Is Available for the Millennium Corporation for the Current

The following information is available for the Millennium Corporation for the current year:
$$\begin{array} { l r } \text { Cost of goods sold } & \$ 292,000 \\\text { Depreciation of factory equipment } & 25,200 \\\text { Direct labor } & 64,750 \\\text { Finished goods inventory, beginning of year } & 45,000 \\\text { Factory insurance } & 11,200 \\\text { Factory utilities } & 16,800 \\\text { Goods trarsiferred from Goods in Process } & \\\text { Inventory to Finished Goods Inventory } & 285,150 \\\text { Indirect labor } & 8,400 \\\text { Raw materials inventory, beginning of year } & 4,200 \\\text { Raw materials purchas } & 116,200 \\\text { Raw materials used in production } & \\\text { (includes } \$ 7,000 \text { of indirect materials) } & 121,800 \\\text { Rent on factory building } & 22,400\end{array}$$
Millennium Corporation uses a predetermined overhead rate of 150% of direct labor cost.Prepare journal entries for the following transactions/ and events:
(a)Purchase of raw materials on account.
(b)Assignment of materials costs to Goods in Process Inventory and Factory Overhead
(c)Payment of Factory Payroll in cash
(d)Assignment of Factory Payroll to Goods in Process Inventory and Factory Overhead
(e) Recording of other factory overhead.Assume that all items other than depreciation are paid in cash.
(f) Assignment of Factory Overhead to Goods in Process Inventory
(g) Transfer of goods completed to Finished Goods Inventory
(h) Recording cost of goods sold
(i) Assignment of over- or underapplied overhead to Cost of Goods Sold