Journal entries, t-accounts kapoor company uses job-order costing. during january, the following data were reported: materials purchased on account: direct materials, $99,500; indirect materials, $14,800. materials issued: direct materials, $81,500; indirect materials, $ 8,800. labor cost incurred: direct labor, $66,000; indirect labor, $17,650. other manufacturing costs incurred (all payables), $46,200. overhead is applied on the basis of 110 percent of direct labor cost. work finished and transferred to finished goods inventory cost $233,300. (1) finished goods costing $212,000 were (2) sold on account for 150 percent of cost. make the entry to record the cost of the jobs first, followed by the entry to record the revenue from their sale. any over- or underapplied overhead is closed to cost of goods sold. required: 1. prepare journal entries to record these transactions. for a compound transaction, if an amount box does not require an entry, leave it blank.