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a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet 3 4 5 6 7 8 9 10 Record raw materials purchased on account . Note: Enter debits before credits. Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet 12 5 6 7 8 9 10 Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet 1 5 6 7 8 9 10 Note: Enter debits before credits. Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet 5678910 6 7 8 9 10 Record the entry to assign costs of direct materials used. Note: Enter debits before credits. Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet Note: Enter debits before credits. Prepare journal entries to record transactions a through h. a. Raw materials purchased on credit, $116,000. b. Direct materials used, $46,000. Indirect materials used, $20,600. c. Direct labor used, $41,000. Indirect labor used, $14,000. (Record using Factory Wages Payable.) d. Paid cash for other actual overhead costs, $9,250. e. Applied overhead at the rate of 120% of direct labor cost. f. Transferred cost of jobs completed to finished goods, $85,600. g. Sales of jobs on credit was $123,000. h. Cost of jobs sold was $85,600. Journal entry worksheet

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