recorded the following transactions for the just completed month. The company had no beginning inventories (a) $72,000 in raw materials were purchased for cash (b) $67,000 in materials and the remainder was for indirect materials. raw materials were requisitioned for use in production. of this amount, $56,000 was for direct (c) Total $18,000 was for indirect labor labor wages of $112,000 were incurred and paid in cash. Of this amount, $94,000 was for direct labor and d) Additional manufacturing overhead costs of $108,000 were incurred and paid in cash. (e) Manufacturing over rate. head costs of $130,000 were applied to jobs using the company's predetermined overhead (f) All of the jobs worked on during the month were completed and shipped to customers. (8) The underapplied or overapplied overhead for the month was closed out to Cost of Goods Sold. Required: a. Prepare journal entries for the above transactions and then post to T-accounts. b. Determine the cost of goods manufactured. c. Determine the cost of goods sold (after closing Manufacturing Overhead). Debit eDIt Credit otexcial Cosh A. 11000 Rau moterial Cosh 112 000 8.00