Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $98,000. b. Direct materials used in production, $41,500. Indirect materials used in production, $18,800. 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. $8,125. e. Applied overhead at the rate of 125% of direct labor cost 1. Transferred cost of jobs completed to finished goods, $63,000. g. Sold jobs on account for $90,000 g(2). The jobs had a cost of $63,000 g(1). View transaction list Journal entry worksheet < 1 2 3 5 6 8 9 > Record raw materials purchased on account. Note Enter Gebits before credits Transaction General Journal Debit Credit View general journal Racord entry Clear entry