D) Direct labor LUSL. E) Materials cost. repare journal entries to record the following production activities for Oaks Manufacturi a. Incurred overhead costs of $79,000 (paid in cash). b. Applied overhead at 110% of direct labor costs which are $93,900. c. Transferred completed products with a cost of $258,200 to finished goods d. Sold $602,000 of product on credit. Cost is $271,000. Description Credit Debit Post Ref