Prepare summary journal entries to record the following transacts and events a through g for a company in its first month of operations. a. Raw materials purchased on account. $92,000. b. Direct materials used in production, $40,000. Indirect materials used in production, $25,000. c. Paid cash for factory payroll. $65,000. Of this total. $45,000 is for direct labor and $20,000 is for indirect labor. d. Paid cash for other actual overhead costs, $7, 750. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $69,000. g. Sold jobs on account tor $98,000. The jobs had a cost of $69,000