Class #5 Chapter 15 i Saved Help Save & Exit Submit Check my work 3 Exercise 15-6 Recording events in job order costing LO P1, P2, P3, P4 34 oints eBook Hint Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $90,000. b. Direct materials used in production, $36,500. Indirect materials used in production, $19,200. c. Paid cash for factory payroll, $50,000. Of this total, $38,000 is for direct labor and $12,000 is for indirect labor. d. Paid cash for other actual overhead costs, $11,475. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $56,800. g1. Jobs that had a cost of $56,800 were sold. 92. Sold jobs on account for $82,000. Print References View transaction list Journal entry worksheet 2 3 4 5 6 7 8 9 Record raw materials purchased on account