20 Check my work Major League Bat Company manufactures baseball bats. In addition to its work in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as direct materials in production and as indirect materials. Its factory payroll costs include direct labor for production and indirect labor. All materials are added at the beginning of the process, and conversion costs are applied uniformly throughout the production process oints eBook Required: You are to maintain records and produce measures of inventories to reflect the July events of this company. The June 30 balances: Raw Materials Inventory. $22,000; Work in Process Inventory. $9,690 (52,810 of direct materials and $6,880 of conversions Finished Goods Inventory, $140,000: Sales, $o; Cost of Goods Sold$0; Factory Payroll Payable, 50; and Factory Overhead, $0. References 1. Prepare journal entries to record the following July transactions and events a. Purchased raw materials for $130,000 cash (the company uses a perpetual inventory system). b. Used raw materials as follows: direct materials, $52.540; and indirect materials, $11,500. c. Recorded factory payroll payable costs as follows: direct labor, $206,000; and indirect labor, $26,500. d. Paid factory payroll cost of $232,500 with cash (ignore taxes). e. Incurred additional factory overhead costs of $83.000 paid in cash. f. Allocated factory overhead to production at 50% of direct labor costs. View transaction list Journal entry worksheet VISUUS Journal entry worksheet 2 3 4 5 6 points Record the purchase of raw materials for cash. eBook References Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 12 points Record the use of raw materials. eBook References Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal VIEW CONSECTOS Journal entry worksheet Record direct and indirect labor costs incurred. -Book erences Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Help Sa Journal entry worksheet Record factory payroll paid in cash. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Version Journal entry worksheet