Exercise 15-6 Recording events in job order costing LO P1, P2, P3, P4 Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $90,000. b. Direct materials used in production, $36,500. Indirect materials used in production, $19,200 c. Paid cash for factory payroll , $50,000. Of this total, $38,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $11,475. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $56,800. 9. Sold jobs on account for $82,000 g(2). The jobs had a cost of $56,800 901). View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record raw materials purchased on account. Note: Enter debits before credits. General Journal Debit Transaction a Credit Record entry View general journal Clear entry