ces Raw materials purchased on credit Direct materials used Direct labor used Overhead rate Prepare journal entries to record the following. 1. Raw materials purchased. 2. Direct materials used. 3. Direct labor used. 4. Applied overhead. $ 76,600 $ 56,000 $ 18,950 125% of direct labor cost View transaction list Journal entry worksheet < A B C D Record raw materials purchased on account. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >