Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $77,400 $50, 800 $19,100 125 % of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead View transaction list Journal entry worksheet 1 2 3 4 Record raw materials purchased on account. Note: Enter debits before credits Transaction General Journal Debit 1 Credit