Prepare journal entries to record transactions a through h.

1. Raw materials purchased on credit, $90,000.
2. Direct materials used, $36,500. Indirect materials used, $19,200.
3. Direct labor used, $38,000. Indirect labor used, $12,000. (Record using Factory Wages Payable.)
4. Paid cash for other actual overhead costs, $11,475.
5. Applied overhead at the rate of 125% of direct labor cost.
6. Transferred cost of jobs completed to finished goods, $56,800.
7. Sales of jobs on credit was $82,000.
8. Cost of jobs sold was $56,800