Prepare journal entries to record transactions a through h a. Raw materials purchased on credit, $102,000. b. Direct materials used, $42,500. Indirect materials used, $15,000. c. Direct labor used, $37,000. Indirect labor used, $18,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $8,375. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $72,600. g. Sales of jobs on credit was $104,000. h. Cost of jobs sold was $72,600. 1 No Transaction a Raw materials inventory Accounts payable Answer is not complete. General Journal Debit Credit 102,000 102,000 2 b(1). Work in process inventory 42,500 Raw materials inventory 42,500 3 b(2). Factory overhead 15,000 Raw materials inventory 15,000