Joumal Entries; T-Accounts Kapoor Company uses yob-ordor costing. During Janusry, the following data were reported a. Moterials purchased on accounti direct materials, $99,500; indirect materials, $14,800. b. Materials issued: direct materials, $1,500; ineirect materials, $8,600. c. Labor cost incurred: direct labor, $66,000; indirect labor, $17,670. d. Other manufacturing cous incurred (all payables), $46,200. e. Overhead is appled on the basis of 110 percent of direct labor cost 1. Work-finished and transferred to Finitshed Goods inventory cost \$233,600. 9. (1) Finished goods costing $218,000 were (2) sold on account for 140 percent of cost. Make the entry to record the cost of the joos first, followed by the entry to record the revenue from their saje. h. Any over- or underapplied overhead is dosed to Cost of Goods sold. Required: Journal Entries, T-Accounts Kapoor Compary uses job-order costing. During January, the following data were reported: a. Moterials purchased on account: direct materials, $99,500; indirect materials, $14,000. 6. Materials issued; direct materials, $81,500; indirect moterials, $3,800. c. Labor cost incurred: direct laboc, $66,000; indirect labor, $17,670, d. Other manufactuning costs incurred (all payables), 546,200 . e. Overhead is applied on the basis of 110 percent of direct labor cost. f. Work finsuled and transferred to rinished Goods Inventory cost $233,600. 9. (1) Finished goods costing 5218,000 were (2) soid on account for 140 percent of cost. Make the entry to record the cost of the jobs first, followed by the entry to record to revetwe from their sale: h. Anv over- or underapplied overhead is dosed to Cost of Goods Sold. Required: 1. Preparn journal entrins to record these transactions. For a compound transaction, if an amount box does not require artentry, leave it biank