Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $84,000. b. Direct materials used, $38,000. Indirect materials used, $13,500. c. Direct labor used, $31,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $58,500. g. Sales of jobs on credit was $84,000. h. Cost of jobs sold was $58,500. View transaction list 1 Record raw materials purchased on account. 2 Record the entry to assign costs of direct materials used. 3 Record the entry for indirect materials. 4 Record the entry for direct labor used. 5 Record the entry for indirect labor used. 6 Record other actual factory overhead costs. 7 Record the entry to apply overhead at a rate of 120% of direct labor cost. Note : journal entry has been entered Record entry Clear entry 10 10 > Credit View general journal