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

A. Purchase of raw materials on account: $3,000

B. Raw materials used by Job 1: $500

C. Raw materials used as indirect materials: $100

D. Direct labor for Job 1: $300

E. Indirect labor incurred: $50

F. Factory utilities incurred on account: $700

G. Adjusting entry for factory depreciation: $250

H. Manufacturing overhead applied as percent of direct labor: 200%

I. Job 1 is transferred to finished goods

J. Job 1 is sold: $3,000

K. Manufacturing overhead is overapplied: $100