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Prepare journal entries to record transactions a through h.

Prepare journal entries to record transactions a through h.a. Raw materials purchased on credit, $90,000.
b. Direct materials used, $39,500. Indirect materials used, $18,000.
c. Direct labor used, $40,000. Indirect labor used, $20,000. (Record using Factory Wages Payable.)
d. Paid cash for other actual overhead costs, $7,625.
e. Applied overhead at the rate of 125% of direct labor cost.
f. Transferred cost of jobs completed to finished goods, $65,000.
g. Sales of jobs on credit was $92,800.
h. Cost of jobs sold was $65,000.

Journal entriesto recordtransactionsa through h are as follows:a.Raw materialspurchased on credit, $90,000.Accounts Payable$90,000Raw Materials Inventory $90,000b.Direct materialsused, $39,500.Indirect materials used, $18,000.Manufacturing Overhead $18,000Direct Materials Inventory $39,500c.Direct labor used, $40,000.Indirect labor used, $20,000. (Record using Factory Wages Payable.)Factory WagesPayable $60,000Manufacturing Overhead $20,000Wages Payable $40,000d.Paid cash for other actual overhead costs, $7,625.Manufacturing Overhead $7,625Cash $7,625e.Applied overhead at the rate of 125% of direct labor cost.Manufacturing Overhead$50,000 ($40,000 × 125%)Wages Payable $40,000f.Transferred cost of jobs completed to finished goods, $65,000.Finished Goods Inventory $65,000Work in Process Inventory $65,000g.Sales of jobs on credit was $92,800.Accounts Receivable $92,800Sales Revenue $92,800h.Cost of jobs sold was $65,000.Cost of Goods Sold $65,000Finished Goods Inventory $65,000To know more aboutJournal entrybrainly.com/question/28390337#SPJ11...

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