Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $86,000. b. Direct materials used, $38,500. Indirect materials used, $23,000. c. Direct labor used, $38,000. Indirect labor used, $12,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $7,375. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $62,600. g. Sales of jobs on credit was $90,000. h. Cost of jobs sold was $62,600. View transaction list Journal entry worksheet < 1 2 3 4 5 7 8 9 Record raw materials purchased on account. Note: Enter debits before credits. 10 10 Transaction General Journal Debit Credit a. Raw materials inventory