Record journal entries for the following Job-Order costing production transactions. The accounts used are: RM inventory, WIP inventory, FG inventory, COGS, Cash, Salaries Payable, Manufacturing Overhead, Sales Revenue, Accounts Receivable. The company purchased $80,000 of raw materials from a supplier. The company paid cash. Accounts Debit Credit RM inventory 80000 Cash 80000 The company moved materials into production. $55,000 was direct materials and $18,000 was indirect materials. Accounts Debit Credit RM inventory 73000 The company incurred $28,000 of direct labor costs and $19,000 of indirect labor costs during the period. Accounts Debit Credit The company applied $40,000 of overhead to jobs during the period. Accounts Debit Credit The company finished $63,000 of products during the period. Accounts Debit Credit The company sold products on account to a customer. The sales price was $121,000. The cost of the products was $59.000. (Record the sales part first, then the cost of goods sold part) Accounts Debit Credit