AutoSave Of H - Project C 15, 18, 19 - Excel ile | Home Insert Page Layout Formulas Data Review View Help H Ruler Ruler Formula Bar Gridlines mal Page Break Page Custom Preview Layout Views Workbook Views Zoom Headings 100% Zoom to Selection Zoom New Window Arrange All Show Raw materials inventory Goods in process inventory Finished goods inventory Beginning Ending Inventory Inventory $ 44,000 $ 72,500 $ 100,000 $175,000 $ 115,000 $140,000 $ 140,000 $ 280,000 $ 115,000 Raw materials purchased on credit Factory payroll cost Other overhead cost (othe Materials Used: Direct Indirect Labor used: Direct Indirect Overhead rate as a percent of direct labor Sales (on credit) $ 75,000 $ 30,000 $ 240,000 $ 40,000 70% $ 900,000 1. Compute the cost of (a) products transferred from production to finished goods, and (b) goods sold. 2. Prepare journal entries to record the following production activities: (a) raw materials purchased, (b) direct materials used, c) indirect materials used, (d) payroll costs, e) direct labor, (f) indirect labor, (g) other overhead costs, (h) overhead applied, (i)goods transferred from production to finished goods () sale of finished goods. Process Costing tion & Variable Costa Absorp and Var Cost Inc Stmts 3