Prepare journal entries to record transactions a through $h.$

a$.$ Raw materials purchased on credit, $$94,000.$

b$.$ Direct materials used, $$40,500.$ Indirect materials used, $$25,000.$

c$.$ Direct labor used, $$50,000.$ Indirect labor used, $$20,000.($Record using Factory Wages Payable.$)$

d$.$ Paid cash for other actual overhead costs, $$7,875.$

e$.$ Applied overhead at the rate of $125\%$ of direct labor cost.

f$.$ Transferred cost of jobs completed to finished goods, $$74,000.$

g$.$ Sales of jobs on credit was $$105,000.$

h$.$ Cost of jobs sold was $$74,000.$

Journal entry worksheet

Record raw materials purchased on account $.$

Note: Enter debits before credits.

$1.$ Record raw materials purchased on account $.$

$2.$ Record the entry to assign costs of direct materials used.

$3.$ Record the entry for indirect materials.

$4.$ Record the entry for direct labor used.

$5.$ Record the entry for indirect labor used.

$6.$ Record other actual factory overhead costs.

$7.$ Record the entry to apply overhead at a rate of $125\%$ of direct labor cost.

$8.$ Record costs of jobs completed.

$9.$ Record the sale of jobs on account.

$10.$ Record the cost of goods sold for job.