ork Prepare summary journal entries to record the following trensactions for a company in its first month of operations a. Raw materials purchased on account, $112000o b. Direct materials used in production, $45.000. Indirect materials used in production, $20.200 c. Paid cash for factory payroll $45.000 Of this total. $33,000 is for direct labor and $12000 is for indirect labor d. Paid cash for other actual overhead costs. $6.000 e. Applied overhead at the rate of 120% of direct labor cost. t Transferred cost of jobs completed to finished goods. $75,720 g. Sold jobs on account for $109,000. The jobs had a cost of $75.720 View transaction list Journal entry worksheet Record raw materials purchased on account Note: Enter debits betore credts Record entry Clear entry View general journal