7) Prepare the journal entries for the following situations (a) Purchased material on account for $180,000 (b) Issued raw material to production $100,000 (80% direct, 20% indirect) (c) Incurred and paid factory labor cost of $200,000 (d) Allocated the factory labor cost above (75% direct: 25% indirect) (e) Incurred factory overhead -- utilities, $40,000; depreciation, $25,000 (f) Applied overhead at 80% of direct labor costs