Prepare journal entries to record transactions a through h. Raw materials purchased on credit, $118,000. Direct materials used, $46,500. Indirect materials used, $20,800. Direct labor used, $43,000. Indirect labor used, $17,000. (Record using Factory Wages Payable.) Paid cash for other actual overhead costs, $9,375. Applied overhead at the rate of 125% of direct labor cost. Transferred cost of jobs completed to finished goods, $91,000. Sales of jobs on credit was $130,000. Cost of jobs sold was $91,000.