Prepare journal entries to record transactions a through h. 1 a. Raw materials purchased on credit, $92,000. b. Direct materials used, $40,000. Indirect materials used, $25,000. c. Direct labor used, $45,000. Indirect labor used, $20,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7.750. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $69.000. g. Sales of jobs on credit was $98,000. h. Cost of jobs sold was $69,000. at ences View transaction list View transaction list Journal entry worksheet 2 3 3 4 5 6 7 8 9 10 Record raw materials purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 9 10 N Record the entry to assign costs of direct materials used. Note: Enter debits before credits General Journal Debit Credit Transaction b(1) Record entry Clear entry View general journal Journal entry worksheet Record the entry for direct labor used. Note: Enter debits before credits. General Journal Debit Transaction c(1) Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 2 3 3 5 5 6 7 8 10 Record the entry for indirect labor used. Note: Enter debits before credits General Journal Debit Credit Transaction (2) Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the entry to apply overhead at a rate of 120% of direct labor cost. es Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 4 5 6 7 8 00 9 10 > Record costs of jobs completed. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet