Prepare journal entries to record transactions a through h a. Raw materials purchased on credit, $82,000. b. Direct materials used, $37,500. Indirect materials used, $17,200. c. Direct labor used, $30,000. Indirect labor used, $10,000. (Record using Factory Wages Payable.) d. Pald cash for other actual overhead costs, $7,125. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $54,400. g. Sales of jobs on credit was $77,000. h. Cost of jobs sold was $54,400. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 Raw materials inventory 82,000 Accounts payable 82,000 2 b(1). Work in process inventory Raw materials inventory 37,500 37,500 3 b(2). Factory overhead 17,200 Raw materials inventory 17,200 4 c(1). No Transaction Recorded 5 c(2) No Transaction Recorded 8 d. No Transaction Recorded 7 e. No Transaction Recorded 8 f. No Transaction Recorded