Prepare summary journal entries to record the following transactions and events a through g for a company in its first month of operations

a.	Raw materials purchased on account, $112,000.
b.	Direct materials used in production, $45,000. Indirect materials used in production, $20,200.
c.	Paid cash for factory payroll, $45,000. Of this total, $33,000 is for direct labor and $12,000 is for indirect labor.
d.	Paid cash for other actual overhead costs, $6,000.
e.	Applied overhead at the rate of 120% of direct labor cost.
f.	Transferred cost of jobs completed to finished goods, $75,720.
g.	Sold jobs on account for $109,000. The jobs had a cost of $75,720.