Garcia Manufacturing produces a product that passes through a molding process and then through an assembly process. Partial Information related to its manufacturing act ivies for July follow:Direct Materials:Factory Overhead Applied:Raw materials purchased on credit $400,000Molding (150% of direct labor)$ 63,000Direct Materials used Molding $190,000Assembly (200% of direct labor)$110,750Direct Materials used Assembly $ 88,600Total Factory Overhead applied$173,750Direct Labor:Cost Transfers:Direct Labor Molding $42,000From Molding to Assembly$277,200Direct Labor Assembly $55,375From Assembly to finished goods$578,400Factory Overhead (actual costs):From finished goods to COGS$506,100Indirect Materials used $51,400Indirect Labor used $50,625Other overhead costs $71,725Total factory overhead incurred $173,750Prepare summary journal entries to record the transactions and events of July for:a.Raw material purchasesb. Direct material usagec.Indirect materials usaged. Direct labor usagee. Indirect labor useagef.Other overhead costs (Credit: Accounts payable)g.Application of overhead to the two departmentsh. Transfer of partially completed goods from Molding to Assemblyi.Transfer of finished goods out of Assembly

j.The Cost of Goods Sold