Question: Prepare journal entries to record transactions a through h . a . Raw materials purchased on credit, $ 9 8 , 0 0 0 .

Prepare journal entries to record transactions a through h.a. Raw materials purchased on credit, $98,000.b. Direct materials used, $41,500. Indirect materials used, $18,800.c. Direct labor used, $33,000. Indirect labor used, $12,000.(Record using Factory Wages Payable.)d. Paid cash for other actual overhead costs, $8,125.e. Applied overhead at the rate of 125% of direct labor cost.f. Transferred cost of jobs completed to finished goods, $63,000.g. Sales of jobs on credit was $90,000.h. Cost of jobs sold was $63,000.

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