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An equipment repairer estimates overhead for the year at $175,000; estimates labor for the year as 6,000 hours. Prepare the following journal entries:

a. Purchased materials on account, $126,000

b. Traced materials to repair jobs $110,880

c. Labor traced to repair jobs $165,000

d. Overhead incurred (indirect labor): $171,300.

e. Overhead is applied to repair jobs based on labor hours. Actual labor hours were 5,500.

f. Ending work-in-process consisted of one repair job with a cost of $1,976. There was no beginning work-in-process.

g. Write-off the over- or underapplied overhead to the cost of repair jobs at the end of the year

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