From the Following Transactions, Prepare the Appropriate General Journal Entries

Essay

From the following transactions, prepare the appropriate general journal entries for the month of April.
a. Raw materials costing $72,000 were issued from the storeroom.
b. Direct labor of $42,000 was charged to production.
c. Indirect labor costs of $17,000 were incurred.
d. Overhead was applied at the rate of 40% of direct labor dollars.
e. Completed products costing $38,000 were transferred to finished goods.
f. Products costing $32,000 were sold for $50,000 on account.