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Prepare journal entries to record transactions a through h . Raw materials purchased on credit, $114,000. Direct materials used, $45,500. Indirect materials used, $20,400. Direct

Prepare journal entries to record transactionsathroughh.

  1. Raw materials purchased on credit, $114,000.
  2. Direct materials used, $45,500. Indirect materials used, $20,400.
  3. Direct labor used, $37,000. Indirect labor used, $13,000. (Record using Factory Wages Payable.)
  4. Paid cash for other actual overhead costs, $9,125.
  5. Applied overhead at the rate of 125% of direct labor cost.
  6. Transferred cost of jobs completed to finished goods, $80,500.
  7. Sales of jobs on credit was $115,000.
  8. Cost of jobs sold was $80,500.

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Journal entry worksheet 2 3 5 10 Record raw materials purchased on account . Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 3 5 6 7 8 10 > Record the entry to assign costs of direct materials used. Note: Enter debits before credits. Transaction General Journal Debit Credit b(1).Journal entry worksheet Record costs of jobs completed. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journalJournal entry worksheet

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