CBO Inc. had the following activities during its most recent period of operations:
(a) Purchased raw materials on account for $130,000 (both direct and indirect materials are recorded in the Raw Materials Inventory account).
(b) Issued raw materials to production of $130,000 ($100,000 are direct, and $30,000 are indirect).
(c) Issued Payroll to production $250,000, ($175,000 are direct, and $75,000 are indirect).
(d) paid payroll in C above for Cash
(e) Incurred factory utilities costs of $20,000 on account
(f) Applied overhead at 80% of direct labor costs.
(g) Recorded factory depreciation, $25,000.
Prepare journal entries to record the above transactions.