Question: Prepare journal entries to record transactions a through h . a . Raw materials purchased on credit, $ 1 0 8 , 0 0 0

Prepare journal entries to record transactions a through h.
a. Raw materials purchased on credit, $108,000.
b. Direct materials used, $44,000. Indirect materials used, $19,800.
c. Direct labor used, $46,000. Indirect labor used, $24,000.(Record using Factory Wages Payable.)
d. Paid cash for other actual overhead costs, $8,750.
e. Applied overhead at the rate of 120% of direct labor cost.
f. Transferred cost of jobs completed to finished goods, $86,000.
g. Sales of jobs on credit was $123,000.
h. Cost of jobs sold was $86,000.
Prepare journal entries to record transactions a through h. a. Raw

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