Chapter 19 - Practice Test A Last Time Journal Entry Corporation journal entries to record the following production activities for April manufactures one product with one process. Prepare the 2015. A. B. Purchased $100,000 of raw materials on credit. Paid payroll of$250,000. Assigned direct labor to Jobs, which was 80% of the payroll indirect labor used in the process was 20% of the payroll. CAssigned $70,000 of direct materials to the jobs in process. D. $15,000 of indirect materials were used in the process. E. Paid $25,000 of other overhead costs. Factory rent of $5,000 was paid in cash; Depreciation on factory equipment was $18,000; expired (credit prepaid insurance). Applied overhead of 50% of direct labor. factory insurance was $2,000 G. Recorded cost of goods manufactured (costs of goods transferred to finished goods) of $235,000. Sold products for $500,000 cash that cost $200,000 to manufacture. H