47) Which of the following represents the combined sum of direct materials and direct labor? 47) A) conversion costs C fixed costs B) period costs D) prime costs 48) Uniq Works purchased raw materials amounting to $125,000 on account and $15,000 for cash. The basis. 48) materials will be used to manufacture upholstery for furniture manufacturers on a contract Which of the following journal entries correctly records this transaction? A) Work-in-Process Inventory Accounts Payable 140,000 140,000 B) Raw Materials Inventory 140,000 Cash 15,000 125,000 Accounts Payable 140,000 140,000 Accounts Payable D) Accounts Payable 125,000 Cash 140,000 Raw Materials Inventory 49) The journal entry to record allocation of manufacturing overhead to a particular job includes a 49) A) debit to the Manufacturing Overhead account and credit to the Finished Goods Inventory account B) debit to the Work-in-Process Inventory account and credit to the Manufacturing Overhead O) debit to the Finished Goods Inventory account and credit to the M D) debit to the Work-in-Process Inventory account and credit to the Cash account account account