The following data summarize the operations during the year. Prepare a journal entry for each transaction.

A. Purchase of raw materials on account: $1,500

B. Raw materials used by Job 1: $400

C. Raw materials used as indirect materials: $50

D. Direct labor for Job 1: $200

E. Indirect labor incurred for Job 1: $30

F. Factory utilities incurred on account: $500

G. Adjusting entry for factory depreciation: $200

H. Manufacturing overhead applied as percent of direct labor: 100%

I. Job 1 is transferred to finished goods

J. Job 1 is sold: $1,000

K. Manufacturing overhead is underapplied: $100