a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet 6789 Record other actual overhead costs, paid in cash. Note: Enter debits before credits. a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet 456 7 8 9 Record the entry for indirect materials. Note: Enter debits before credits. Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet Record the entry to assign costs of direct materials used. Note: Enter debits before credits. a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. 92. Sold jobs on account for $109,000. Journal entry worksheet Record the entry to apply overhead at a rate of 120% of direct labor cost. Note: Enter debits before credits. a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet a. Raw materials purchased on account, $112,000. b. Direct materials used in production, $45,000. Indirect materials used in production, $20,200. c. Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $6,000. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $75,720. g1. Jobs that had a cost of $75,720 were sold. g2. Sold jobs on account for $109,000. Journal entry worksheet 16789 Note: Enter debits before credits