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Problem 1: During the month, Blue Skies Manufacturing., Inc. purchased $75,000 in raw material on account on April 2. The company used $325,000 in direct

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Problem 1: During the month, Blue Skies Manufacturing., Inc. purchased $75,000 in raw material on account on April 2. The company used $325,000 in direct labor and $150,000 in direct raw materials for the month of April. The company applies overhead at a rate of 250% of direct materials. $205,000 worth of products were finished, ready for sale, and transferred during the period. Prepare the necessary journal entries to record April's activity. (30 points) General Journal Debit Credit

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