P1-1 Lowell Company maintain perpetual inventory records. The following a Code A B c p E F G H 1 J Sales Operating expense account code in the columns below to indicate the accounts to be deb bed and credited The following transactions took place during the current mort. Put the appropriate for each transaction Credit selected from their chart of accounts: Account Name Cash Accounts receivable Raw materials inventory Work in process inventory Finished goods inventory Accounts payable Direct labor Factory overhead Cost of goods sold K Debit 1 Raw materials were purchased on account 2 Direct materials were requisitioned for Job 1225 3 Issued a check to vender for repair services on factory equipment 4 Factory labor for the month was paid as incurred. 5 Direct and indirect labor used were recognized 6 Raw materials previously purchased on account were paid 7 The production department requisitioned indirect materials for use in the factory 8 Overhead was applied to production based on a predetermined overhead rate of P60 per labor hour 9 Completed goods were transferred to warehouse 10 Goods costing P100,000 were sold for P135.000 on account