Prepare journal entries to record transactions a through h.

1. Raw materials purchased on credit, $84,000.
2. Direct materials used, $38,000. Indirect materials used, $13,500.
3. Direct labor used, $31,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.)
4. Paid cash for other actual overhead costs, $7,250.
5. Applied overhead at the rate of 120% of direct labor cost.
6. Transferred cost of jobs completed to finished goods, $58,500.
7. Sales of jobs on credit was $84,000.
8. Cost of jobs sold was $58,500.