Illustrate the effects on the accounts and financial statements of each of the following transactions for a company using a job order cost system:

(a) Materials purchased on account $186,000
(b) Materials requisitioned:
For production orders 161,500
For general factory use 8,700
(c) Factory labor used:
On production orders 139,800
For general factory purposes 9,000
(d) Depreciation on factory equipment 40,000
(e) Factory overhead applied, based on machine hours 97,650
(f) Jobs finished 406,000
(g) Jobs shipped to customers: cost, $394,000; selling price 580,000