Prepare journal entries to record transactions a through h.

1. Raw materials purchased on credit, $118,000.
2. Direct materials used, $46,500. Indirect materials used, $20,800.
3. Direct labor used, $43,000. Indirect labor used, $17,000. (Record using Factory Wages Payable.)
4. Paid cash for other actual overhead costs, $9,375.
5. Applied overhead at the rate of 125% of direct labor cost.
6. Transferred cost of jobs completed to finished goods, $91,000.
7. Sales of jobs on credit was $130,000.
8. Cost of jobs sold was $91,000.