Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $104,000. b. Direct materials used, $43,000. Indirect materials used, $19,400. c. Direct labor used, $42,000. Indirect labor used, $18,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,500. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $77,800. g. Sales of jobs on credit was $110,000. h. Cost of jobs sold was $77,800. View transaction list Journal entry worksheet 2 3 4 5 6 7 9 10 > Record raw materials purchased on account Note: Enter debits before credits. Transaction Debit Credit a. General Journal rem Raw materials inventory LLLLLLLLLL Accounts payable 104,000 104,000 Record entry Clear entry View general journal