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pa 13. lo 5.5selected information from skylar studios shows the following: raw materials purchased $5,000, direct materials $1,500, direct labor $11,000, factory depreciation $2,000, total manufacturing overhead incurred $15,000, machine hours per month 28,000, unit cost for material $2, unit cost of conversion $8, number units transferred 15,000. prepare journal entries to record the following: raw material purchased direct labor incurred depreciation expense (hint: this is part of manufacturing overhead) raw materials used overhead applied on the basis of $0.50 per machine hour the transfer from department 1 to department 2
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