1. Prepare journal entries for Young Inc. to record the following job order costing transactions: a. Raw materials purchased on credit, $110,000. b. Direct materials used, $44,500. Indirect materials used, $20,000. c. Direct labor used, $32,000. Indirect labor used, $8,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,875. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $72,000. g. Sales of jobs on credit was $103,000. h. Cost of jobs sold was $72,000