ABC Company employs a job-order costing and reported the following transact tons during the month of March: a. direct materials purchased on account totaled $27,000 b. direct materials used were: Job #1, $12,500; Job #2, 511,260; and Job #3, $5,500 c. direct labor incurred was: Job #1, 250 hours at $20 per hour; Job #2, 280 hours at $15 per hour; and Job #3, 140 hours at 512 per hour d. overhead was applied to jobs at a rate of 70% of direct labor cost e. Job #2, which consisted of 100 units, was completed and transferred to the finished goods warehouse F. 37 units from Job #2 were sold and shipped to the customer; the customer was billed for 160% of the cost of the units The journal entry to record transaction Ce) above would include a debit to: direct material inventory work in process inventory O finished goods inventory cost of goods sold manufacturing overhead more than one of the above choices could be correct none of the above choices are correct