Journal Entries, T- Accounts Kapoor Company uses job-order costing. During January, the following data were reported Materials purchased on account direct materials, 592,500 indirect materials, $14,800 b. Materials issued direct materials. 581 500. Indirect materials $8.800 Labor cost curred: direct labor, $67.000; Indirect labor $25.450 d. Other manufacturing costs incurred all payables), 546,200. Overhead is applied on the basis of 120 percent direct labor cost Work finished and transferred to finished Goods Inventory COM 242.400 Finished goods costing $218.000 were sold on account for 50 percent of cost. Make the entry to record the cost of the test oled by the entry to record the revenue from the Any over or underapplied overhead is closed to cost of Goods Sold Required 1. Prepare Journal entries to record these transaction. For a compound transaction, it an amount box does not require an entry, leave it back 000000000 b00000000 (1) (2) h. h. 2. Prepare a T-account for Overhead Control Post the entries to the account in the same oder in which they were journalized. If an amount rero, enter to Wat is the anting balance in this Overhead Control Balance Balance 3. Prepare a T-account for Work-in-Process Inventory. Assume a beginning balance of $10,000, and post the entries to the account in the same order in which they were justed Work in Process Inventory Balance