12. with solutions please

D Question 12 1 pts Nicolas Manufacturing uses a job order costing system. During one month Nicolas purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Nicolas incurred a factory payroll of $150,000, paid in cash, of which $40,000 was indirect labor. Nicolas uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the purchase of materials is: Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000 Debit Work in Process Inventory $198,000; credit Accounts Payable $198,000 Debit Raw Materials Inventory $198,000; credit Work in Process Inventory $198,000. Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000