Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $88,000. b. Direct materials used, $39,000. Indirect materials used, $17,800. c. Direct labor used, $39,000. Indirect labor used, $16,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7,500. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $60,600. g. Sales of jobs on credit was $86,500. h. Cost of jobs sold was $60,600. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 > Record raw materials purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal