Fisher Co.s March 31 inventory of raw materials is $225,000. Raw materials purchases in April are $790,000, and factory payroll cost in April is $740,000. Overhead costs incurred in April are: indirect materials, $119,000; indirect labor, $110,000; factory rent, $132,000; factory utilities, $77,000; and factory equipment depreciation, $80,000. The predetermined overhead rate is 80% of direct labor cost. Job 306 is sold for $1,430,000 cash in April. Costs of the three jobs worked on in April follow.

a. Record the purchase of materials (on credit).

Prepare journal entries for the month of April's transactions.