Prepare Journal entries for the following transaction for the purchases and expenses are credited to Cash Raw Materials Purchased for 500.000 Debit $40.000 540,000 1. Derect Materials of $35.000 placed into production Dette $35.000 Credit $35.000 Indirect Materials of 1.500 sed during the month Debit 54500 Credit dincand paid Director wages of $40.000 Debit Sect 340.000 Credit Card 540.000 e incurred and paid indirect labor costs of 8.000 Debit Set 5.000 Credit $8.000 tincurred and pang administrative euro Debate $26.000 Credits $26.000 incurred and paid other overhead costs of $17.500 Dube $17.500 Code I $17.500 All costs of $30.000 Debit $30.000 Credit 536.000 Led and transferred to finished goods. 90.000 Debit 50.000 Cred Sant FOOOO 1 Schniedoch ein 500.000 Debit Set S000 Chid Set 50.000