Below is a list of transactions for Bison Co., a manufacturing entity. Prepare summary Journal entries to record each of the transactions for Bison Co. In its first month of operations. a. Raw materials purchased on account $100,000 b. Direct materials used in production, $42,000. Indirect materials used in production, $15,000, c. Paid cash for factory payroll $50,000. Of this total, $36,000 is for direct labor and $14,000 is for indirect labor. d. Paid cash for other actual overhead costs, $8,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $68,175. 91. Jobs that had a cost of $68,175 were sold. 92. Sold jobs on account for $97,000. View transaction list Journal entry worksheet