Raw Materials Inventory Work-in-Process Inventory 12. Create the general journal entries, post to the T-Accounts, and record (4 pts) all applicable entries to the job sheets. bb Beginning Balances: Raw Materials Inventory 1 Factory labor costs paid with cash were allocated as such: Product Green: Product White: Overhead 15,000.00 10,000.00 10,000.00 50,000.00 bb 50,000.00 50,000.00 Raw materials were transferred as such: 2 Product Green: Product White: Overhead: 20,000.00 15,000.00 5,000.00 3 Manufacturing overhead costs are paid with cash $15,000 4 Allocate manufacturing overhead to products based upon a predermined overhead rate of 90% of direct labor costs 5 Product Green is finished and transferred to finished goods inventory 6 Product Green is sold for cash $70,000.00 Manufacturing Overhead Finished Goods Product Green Product White Direct Materials Direct Manufacturing Labor Overhead Direct Direct Manufacturing Materials Labor Overhead