Prepare the journal entries for the following situations (a) Purchased material on account for $150,000 (b) Issued raw material to production $120,000 (c) Allocated the factory labor cost above $140,000 ( 60% direct; 40% indirect) (d) Incurred factory overhead -- depreciation, $25,000 (e) Applied overhead at 80% of direct labor costs. (f) Transfered $80,000 from WIP - Cutting to WIP - Sewing (g) Transfered $10,000 from WIP - Sewing to Finished Goods Inventory