Kapoor Company uses job-order costing. During January, the following data were reported: a. Materials purchased on account: direct materials, $97,500; indirect materials, $14,800. b. Materials issued: direct materials, $83,500; indirect materials, $ 8,800. c. Labor cost incurred: direct labor, $67,000; indirect labor, $25,450. d. Other manufacturing costs incurred (all payables), $46,200. e. Overhead is applied on the basis of 120 percent of direct labor cost. f. Work finished and transferred to Finished Goods Inventory cost $244,400. g. (1) Finished goods costing $218,000 were (2) sold on account for 150 percent of cost. Make the entry to record the cost of the jobs first, followed by the entry to record the revenue from their sale. h. Any over- or underapplied overhead is closed to Cost of Goods Sold. Required: 1. Prepare journal entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Materials 112,300 Accounts Payable 112,300 b. Work in Process 83,500 Overhead Control 8,800 Materials 92,300 C. Work in Process 67,000 Overhead Control 18,750 X Wages Payable 85,750 X d. Overhead Control 46,200 Various Payables 46,200 e. Work in Process 73,700 X Overhead Control 73,700 X f. Finished Goods 237,400 X Work in Process 237,400 X g (1). Cost of Goods Sold Finished Goods 218,000 218,000 g (2). Accounts Receivable 283,400 X Sales Revenue 283,400 X h. Cost of Goods Sold 50 Overhead Control 50