Major League Bat Company manufactures baseball bats. In addition to its work in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as direct materials in production and as indirect materials. Its factory payroll costs include direct labor for production and indirect labor. All materials are added at the beginning of the process, and conversion costs are applied uniformly throughout the production process Required: You are to maintain records and produce measures of inventories to reflect the July events of this company The June 30 balances: Raw Materials Inventory, $25,000, Work in Process Inventory $8.385 ($2,000 of direct materials and $5,425 of conversion); Finished Goods Inventory, $170,000, Sales, $0, Cost of Goods Sold, 50, Factory Payroll Payable, 50, and Factory Overhead, 50 1. Prepare journal entries to record the following July transactions and events. Please fit in the blanks with correct account a Purchased raw materials for $145,000 cash b. Used raw materials as follows direct materials, $72,040, and indirect materials, $13,000 Debit Credit Debit Credit Debit Credit c. Recorded factory wages payable costs as follows direct labor $200 750, and indirect labor, $28,000 Debit Credit Debit Credit d Incurred other actual factory overhead costs of $63,875 paid in cash e. Applied factory overhead to production at 50% of direct labor costs Debit Credit Debit Credit