Saved Help Save & Exit Prepare summary journal entries to record the following transactions for a company in its first month of operations 5 a. Raw materials purchased on account, $82,000. b. Direct materials used in production, $37,500. Indirect materials used in production, $17,200. c. Paid cash for factory payroll, $40,000. Of this total, $30,000 is for direct labor and $10,000 is for indirect labor d. Paid cash for other actual overhead costs, $7,125. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $54,400. 91. Jobs that had a cost of $54,400 were sold. g2. Sold jobs on account for $77,000 01:44:07 View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record raw materials purchased on account Note: Enter debits before credits Dobil General Journal Transaction Credit View general Journal Record entry Clear entry