Prolongation and Wish Muretsed 40.000 10.000 Credit $40.000 Det er 535.000 53000 Indirect Meter 54500 sedinte month Detect 5.500 chored and paid Det beror 540.000 Det S40.000 140.000 Os hound and director of 1.000 Det 2.000 Credit 8.000 wered dig for $26.000 Detit te $26.000 Credit 5.000 curred and paid her overhead costs $17.500 $17.500 Credit 517.500 located to 53000 Debit een 550.000 Create $30.000 Finished and tradered to the goods products conting 10.000 Debit Semal 590.000 Creditel 50.000 Sold finished 50.000 Debit Serie 50.000 Credit 380.00 Prepare Journal entries for the following transactions. (Assume that purchases and expenses are credited to Cash.) a. Raw Materials Purchased for $40,000 $40,000 Debit Raw Materials $40,000 Credit Overhead b. Direct Materials of $35,000 placed into production Debit work in process $35,000 $35,000 Credit Select c. Indirect Materials of $4,500 used during the month Debit Select) $4,500 Credit [Select) $4,500 d. Incurred and paid Direct labor wages of $40,000 Debit Select) $40,000 Credit Select) $40,000 e. Incurred and paid indirect labor costs of $8,000 Debit Select] $8,000 Credit Select $8,000 f. Incurred and paid selling & administrative expenses for $26,000 Debit Select $26,000 Credit Select $26,000 g.Incurred and paid other overhead costs of $17,500 Debit [Select] $17,500 Credit [Select ] $17,500 h. Allocated overhead costs of $30,000 Debit (Select ] $30,000 Credit [Select ] $30,000 i. Finished and transferred to finished goods products costing $90,000 Debit [Select ] $90,000 Credit (Select ] $90,000 j. Sold finished goods costing $80,000 Debit [Select) $80,000 Credit [Select) $80,000