Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $106,000. b. Direct materials used, $43,500. Indirect materials used, $19,600. c. Direct labor used, $43,000. Indirect labor used, $22,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,625. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $82,000. g. Sales of jobs on credit was $118,000. h. Cost of jobs sold was $82,000.