Business, 09.02.2022 08:40 carlos200411114

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.

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Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit,...